Market Notebook

by Cory Haupt | Jun 2, 2025

Discussion –

PRICE ACTION:
Equity prices, as measured by the ticker SPY, and bond prices, as measured by the ticker BND, closed higher over the last week.

SPY +1.78%
BND +0.80%

TECHNICAL ANALYSIS:
SPY price can be considered in consolidation until price breaks higher above the May 19th close. Ultimately, price must close above the Feb 19th high to signal resumption of an upward trend.

BND price appears to be consolidating within a wide price range.

SENTIMENT:
U.S. trade policy continues to be a dominant factor in price volatility.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with data suggesting the U.S. economy remains resilient in the face of trade-related turbulence.

All the best during the week ahead!

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