The biggest potential headwinds have thus far missed the marketplace, and may have already blown past us.
Pre-market futures are mostly flat to start a new trading week, already off early morning lows.
The Fed did not cut rates, as expected they wouldn't, and Fed Chair Powell said he saw +0.6% higher inflation expectations from the last time the Fed cut.
As we prepare to honor our Juneteenth holiday Thursday with closed banks and stock markets, we see Weekly Jobless Claims pulled a day earlier to this morning.
Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the SPDR Dow Jones Industrial Average ETF (DIA) is a passively managed exchange traded fund launched on 01/13/1998.
After a mostly weak Retail Sales report this morning, manufacturing data and homebuilder confidence underperformed expectations.
The Nasdaq more than made up for Friday's selloff, +294 points today, +1.52%.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic talked with Proactive about the company's significant progress at its Cobreorco project in Peru. Buncic explained that Teck Resources is earning a 75% interest in the project through a two-stage agreement, which involves staged cash payments and an investment of $10 million into drilling and exploration work.
Today's ADP jobs report shows May job growth was slower than expected, and slower than growth in April as well.
This is good news in terms of demonstrating economic strength, though not for those who'd like to see the Fed lower interest rates.
Investors who have embraced the "buy the dip" strategy in 2025 have been handsomely rewarded, with the S&P 500 delivering its strongest post-pullback returns in over three decades.
The Dow Jones Industrial Average remains a respected benchmark, but its price-weighted construction makes it suboptimal for many investors' portfolios. Recent events, like UnitedHealth's sharp decline, highlight the concentration risk found in the Dow index. The Dow has underperformed alternative large-cap U.S. indexes such as the S&P 500 and Nasdaq 100 over the past five, ten, and fifteen years.