M Notes: Mon, 7-6
| Weekly close: 6-5-26 | + (-) | % | June % | |
|---|---|---|---|---|
Dow | 51,876 | +311 | +0.6% | +0.9% |
S&P | 7,354 | -147 | -2.0% | -1.1% |
Nasdaq | 25,298 | -1,220 | -4.6% | -2.8% |
| R2000 | 3,010 | +30 | +1.0% | +3.6% |
10-year | 4.37 | -0.08 | -1.8% | +2.3% |
Oil | 69.23 | -7.37 | -9.6% | -12.4% |
LAST WEEK:
Markets: The Russell 2000 (Small Caps) was up over 21% in the first half of 2026. Meaning: that while the Magnificent 7 are still very important, the Market’s growth has broadened out a bit.
S&P roller coaster last week: Up significantly, Up a lot, Down, Flat, and Holiday.
Fed Balance Sheet: $6.72 Trillion.
Holiday: Markets were closed last Friday, July 3rd, in observance of the July 4th Holiday.
ISM: The Institute for Supply Management’s Manufacturing index dropped from 54.0 (June) to 53.3 (July). A number below 50 implies an economic contraction, while a number above 50 implies an economic expansion.
Jobs: Coming off of a 172,000 jobs number (May), the June number disappointed, coming in at 57,000.
Metals: Gold finished the week at $4,187. Silver finished the week at $63.
National Debt: $39.371 Trillion.
Unemployment: The U3 Unemployment number dropped a tick, from 4.3% down to 4.2%.
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THIS WEEK:
Focus of the week: The Fed Minutes. New Fed Chair Kevin Warsh has said he thinks the Fed talks too much. So, just what will be in the Fed Minutes after Warsh’s first meeting as the new Fed Chair?
Calendar: The ISM Services index (Mon); the May Trade Deficit (Tue); Fed Minutes (Wed); June Existing Home Sales (Thu).
* 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.