Market Notebook

by Cory Haupt | Jun 16, 2025

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

SPY -0.36%
BND +0.68%

TECHNICAL ANALYSIS:
Again this week, SPY price closed above the May 19th high, suggesting positive momentum in the market. 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.

The conflict between Israel and Iran has the potential to increase volatility over the week ahead.

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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Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.

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