Daily Update Podcast for Monday June 2, 2025

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Market Summary for Friday, May 30, 2025
Market Performance: The market started negative, found support at S1 (5876), rebounded to the daily pivot (5910), but closed slightly down (-0.01%) on above-average volume, marking a down day. The S&P was up 6.2% for May, recovering from April’s decline, with a year-to-date gain of 0.5%.
Technical Indicators: The market remains positive, trading above the 20, 50, and 200-day moving averages, but is not trending, as indicated by a sideways ADX below 20. The VIX is elevated at 18.57, below 20. Momentum oscillators are mixed, with some (e.g., PMO) still extreme positive but declining, while the NASDAQ 100 bullish percent index is extreme positive.
Economic Reports:
Personal income rose 0.8% (expected 0.3%), spending up 0.2% as expected.
PCE price index up 0.1%, core PCE year-over-year at 2.5% (down from 2.7%).
Consumer sentiment improved to 52.2 (expected 50.8).
Chicago PMI at 40.5 (below expected 45), indicating contraction.
Trade goods deficit lower than expected at -$87.6B.
Market Drivers: Lower interest rates (10-year yield at 4.41%) supported the market. Tariff news and President Trump’s comments on China’s trade agreement violation caused volatility, though later softened, calming the markets.
Sector Performance: Utilities led gains (+1%), while energy weakened. Financials, healthcare, and real estate saw slight gains. Tech and discretionary sectors underperformed.
Sentiment & Trends: Sentiment ticked down to 62 from 64. The markets lack conviction, chopping sideways with mixed momentum signals. Growth-to-value ratios are positive but show warning signs, with discretionary-to-staples weakening.
Outlook for Monday, June 2: No major trend change expected. The SPX remains positive but non-trending. Key events include Chair Powell’s speech, S&P Global Manufacturing PMI, ISM Manufacturing, and construction spending. Geopolitical or trade news over the weekend could lead to a gap up or down.
Conclusion: The market is positive in the short, intermediate, and long term, supported by moving averages, but lacks a clear trend, with mixed signals from momentum and sentiment indicators.

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DISCLAIMER This video is for entertainment purposes only. I am not a financial adviser, and you should do your own research and go through your own thought process before investing in a position. Trading is risky!