Stock Market Watch For the Week of June 24th

The S&P 500 is right at all-time highs, as the overall stock market is having one of its strongest first-half performances in terms of percentage gains.

The Federal Reserve Bank can take much of the credit. As it appears that they are ready to cut rates for the first time since 2008.

An interest rate cut would mean that money becomes easier to borrow… which in turn should motivate businesses to grow.

That said, here’s how the first of half of 2019 looks thus far:

• Oil prices are surging due to geopolitical tensions between the U.S. and Iran
• No deal to the trade war yet, G20 Summit is this weekend, where leaders of the U.S. and China are set to meet
• Gold prices are above $1400 for the first time in six years
• Bitcoin is back above $10K and is trending higher

That said, the VIX, the market’s fear index, appears to be taking it all in stride.

Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) +1.64%; iShares Russell 2000 ETF (IWM) +1.46%; SPDR Dow Jones Industrial Average ETF (DIA) +2.14%; Invesco QQQ Trust (QQQ) +3.25%

Here is how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +4.01%, iShares 20+ Year Treasury Bond (TLT) -0.02%, SPDR Gold Shares (GLD) +4.28%

Economic Releases:
25 June 2019- New Home Sales 10:00 AM ET

26 June 2019- Durable Goods Orders 8:30 AM ET; International Trade in Goods 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

27 June 2019- GDP 8:30 AM ET; Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

28 June 2019- Personal Income and Outlays 8:30 AM ET

Key Earnings:
25 June 2019- FDS, LEN, AVAV, FDX, MU, SNX

26 June 2019- BB, GIS, INFO, PAYX, UNF, FUL, MLHR, KBH, NG, PIR, RAD, WOR

27 June 2019- ACN, APOG, CAG, GMS, MKC, PDCO, WBA, NKE, PRGS

28 June 2019- STZ, JKS, ADPT, BBIO, CMBM, CHNG, REAL

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