M Notes: Mon, 6-15
| Week Close: 6-12-26 | + (-) | % | |
|---|---|---|---|
| Dow | 51,202 | +335 | +0.7% |
| S&P | 7,431 | +47 | +0.6% |
| Nasdaq | 25,889 | +180 | +0.7% |
| R2000 | 2,944 | +111 | +3.9% |
| 10-year | 4.48 | -0.05 | -1.1% |
| Oil | 84.88 | -5.37 | -6.0% |
LAST WEEK:
Markets: Deal? Iran, Trump, & Oil… Markets were cautiously up last week.
S&P roller coaster last week: Up, Down, Down significantly, Up significantly, and Up.
Fed Balance Sheet: $6.725 Trillion.
Housing: Existing Home Sales were up +3.2% in May, and they were also up +3.2% Y/Y.
Inflation: The Consumer Price Index (consumer Inflation) went up +0.5% in May, and was up +4.2% Y/Y. The Producer Price Index (wholesale Inflation) went up +1.1% in May and was up +6.5% Y/Y.
Metals: Gold finished the week at $4,239. Silver finished the week at $68.
National Debt: $39.254 Trillion.
Trade Deficit: April’s Trade Deficit was $56 Billion. Exports are up +12.6% Y/Y. Imports are up +9.1% Y/Y.
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THIS WEEK:
Focus of the week: The fourth Fed Meeting of the year. All focus will be on the new Fed Chair Kevin Warsh, and what he will have to say.
Calendar: Industrial Production (Mon); Housing Starts (Tue); the Fed Meeting Statement, the new Fed Chair press conference, and Retail Sales (Wed).
Deal: Reports are a Deal between the U.S. and Iran will be signed on Friday. Will Iran actually show up to sign the Deal? Just what’s in the Deal? We’ll soon find out.
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.
* The National Debt figure comes from usdebtclock.org.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.