Market Notebook

by Cory Haupt | Jun 22, 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 -0.52%
BND +0.25%

TECHNICAL ANALYSIS:
SPY should be considered in consolidation until price closes above the Feb 19th. If the February 19th high is breached, it will signal the potential resumption of an upward trend.

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

SENTIMENT:
The conflict between Israel and Iran is very likely to increase volatility over the week ahead.

U.S. trade policy continues to be a factor in driving price volatility.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with data suggesting the U.S. economy remains resilient in the face of geopolitical and 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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