Market Report Jun 27 2023

The S&P 500 and the Nasdaq ended Monday at their most deflated positions, whereas the Dow Jones Industrial Average finished marginally below its equilibrium point.
Small-caps did find strength though.

A significant determinant of the index performance was the underperforming mega-cap stocks, currently undergoing balance exercises. 

Two noteworthy stocks were TSLA and GOOG , both of which suffered downgrades to Neutral from Buy, by Goldman Sachs and UBS respectively.

VIX gained on the day.

Javid Shaik

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