Market Report Jun 13 2023
The S&P 500 commenced the week with a hint of positivity, a subtle nudge that perhaps foreshadowed more to come. As the session matured, the market gained momentum. By the closing bell, the S&P 500 had ascended to its loftiest peak since April 21, 2022.
Most sectors closed with a gain. XLK was the top performer by a decent margin followed by XLY XLC, all of which benefitted from strong mega-cap constituents.
VIX gained almost 9%.
There are several market-moving events on the horizon to mix things up. This week will feature the release of the May CPI (Tuesday) and the May Retail Sales report (Friday), and policy decisions from the FOMC (Wednesday), the ECB (Thursday), and the BoJ (Friday).
Let's go trade!
