The Week Ahead.

The Week Ahead.

The Week Ahead. U.S. stocks finished in positive territory on Monday as investors digested manufacturing data and kicked off an eventful week.

?? DJIA +0.14%, S&P 500 +0.30%, NASDAQ +0.66%?

Last week, stocks ended on a mixed note after important gauges revealed that both consumer and wholesale inflation declined in April.?While the S&P 500 and Dow Jones closed in the red, the tech-heavy Nasdaq pulled itself out of a bear market after posting a fourth straight week of gains.

Economic data was relatively light on Monday. The NY Empire State Manufacturing Index, which measures business conditions in the state, plummeted to -31.8 in May from +10.8 in April—analysts were expecting a print of -5. ?

Meanwhile, the debt ceiling debate wages on. President Biden over the weekend confirmed that the White House and Congressional leaders will meet on Tuesday for a second round of talks—Biden said he remains “optimistic.” House Speaker Kevin McCarthy (R-CA) said on Monday that the White House and congressional Republicans are “far apart.”

U.S. Treasury yields advanced as the debt ceiling worries eased. Ongoing concern over the future path of monetary policy was also on bond traders’ minds. Fed funds futures markets were little changed on Monday, as traders continue to price in a high probability of a Fed pause in June.

Atlanta Fed President Raphael Bostic said in an interview with CNBC on Monday that he would like to see a pause in rate hikes to better assess the state of the economy.?

Looking Ahead

Investors will focus on some important data related to the state of the housing market, the strength of the U.S. consumer, and commentary from Fed officials. Retail sales are slated for release on Tuesday morning and are expected to show improvement for May.

Last week’s action signaled an important need to reevaluate where we believe the market is headed. We mentioned during that time that we were reviewing our model portfolio’s allocation for potential changes. We have determined that a more defensive posture may be warranted. This will be accomplished by tactical asset reallocation and position size of individual holdings. From where we stand, the first half of this year was successful, but now we must reassess and strategize for what lies ahead.?


What can Data Do for Your Money?

MCF Capital Management, LLC

Data Driven Portfolio Management & Financial Planning

LEARN MORE


?? Today’s Market Dashboard

No alt text provided for this image

Economic Data

  • NY Empire State Manufacturing Index (May): -31.80, Est.: -3.70, Prior: 10.80

Geopolitical Headlines

Other News

Wires via FinancialJuice

  • [15:53 ET] US plans to buy 3 million barrels of oil for emergency reserve. WTI Strengthened

Today’s Market Dashboard is a collection of important data covering markets, the economy, and news items we’ve monitored throughout the trading day.


OUR FIRM

MCF Capital Management, LLC is an independent, family-run, financial advisory firm that manages investment portfolios for individuals and businesses through Quantitative Market Data Analysis.

Contact Us | Our Team | Disclosures & Disclaimers

THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INVESTMENT ADVICE.?

???SOURCES:?MarketWatch, Investing.com, CNBC

Robert R. Fragnito

Chief Operating Officer | Financial Advisor | Portfolio Manager at MCF Capital Management, LLC

1 年

Thanks for the likes Maurizio, Marcel, Bernie, Sam, and Shankar! I really appreciate your continued support for this project! We hope it's providing a lot of value. Best, Robert

要查看或添加评论,请登录

Robert R. Fragnito的更多文章

社区洞察

其他会员也浏览了