Market Report Jun 14 2023

Tuesday's session concluded on a somewhat high note, with the S&P 500 reaching a pinnacle not seen in the past thirteen months. 

Although recent momentum is up,  yesterday's momentum might in part be due to the CPI report for May, which demonstrated a tempering of inflationary pressures, thereby creating an environment conducive for the Fed to perhaps temporarily halt its cycle of interest rate hikes.

Sectors:
Most of the sectors gained on the day.
VIX fell below 15.

Today we await the FOMC statement, so we are not expecting too much action until then.

Javid Shaik

Let's go trade!