Market Report Jun 30 2023

On Thursday the wider equity market exhibited positive performance, buoyed by encouraging economic indicators, the successful completion of the Federal Reserve's annual stress test by all 23 participating banks, and activity relating to quarter-end portfolio rebalancing.

Small-cap equities outstripped their large-cap counterparts, cyclical sectors took precedence over counter-cyclical sectors, and value stocks surged ahead of growth stocks. VIX also increase by almost 1%.

Tuesday is July 4th, so it will be a holiday. This may actually turn out to be a long weekend and some traders will be on holiday on Monday.

Javid Shaik

Dynamic Trader Twitter
Dynamic Trader LinkedIn

Let's go trade!