Markets in Motion: June 9th Update

The SPY Trader

Fresh news and strategies for traders. SPY Trader episode #1224. Hey everyone, it's your pal Finny the Financial Fox, here with your midmorning Spy Trader update! It's 6 am on Monday, June 9th, 2025, and let's dive right into what's moving the markets today. The big story is that the S&P 500 finally closed above 6,000 on Friday, for the first time since way back in February. We've had two straight weeks of gains, and May was the best month since late 2023. That's the good news. Also, US500 rose to 6005 points today, gaining a bit from the previous session. That jobs report everyone was sweating turned out to be a pleasant surprise, which has calmed down those recession jitters a bit. Plus, there's some positive chatter happening around USChina trade, giving investors a little extra pep in their step. Now, let's break down the sectors. Tech and Communications Services were the MVPs in May, up over 9%, while Real Estate and Energy kind of lagged behind. Healthcare was the only sector in the red last month, so keep an eye on that. It looks like consumer discretionary, health care, communications services, energy, and financials rose on June 7. From a macro perspective, while things are looking brighter, the OECD is still projecting slower global growth for the next couple of years, partially because of those pesky trade barriers. Inflation is expected to cool down a bit, but there are worries it could heat up again in the US thanks to those tariffs. Everyone's expecting the Fed to hold steady on interest rates this month, but keep your ears open for potential rate cuts later in the year. Companywise, all eyes are on Apple this week as their Worldwide Developers Conference kicks off today. Everyone wants to know what AI goodies they're cooking up. Tesla is still doing its Tesla thing, with Elon getting into a Twitter spat with President Trump. And Broadcom, even though they had a decent quarter, their forecast wasn't as sunny as investors hoped, and their shares took a bit of a tumble. So, what's Finny recommending? First, if you're not diversified, now's the time. I'm talking spreading the love across different sectors and even considering international stocks. International stocks have shown potential. Morningstar is suggesting to overweight value stocks which may offer better protection against downturns. Keep a close watch on those USChina trade talks because any headlines there could send the market on a rollercoaster ride. And stay informed on the economic data inflation, employment, all that jazz. Now is not the time to be complacent! Overall, the market is trading close to its fair value, which means there's not a lot of wiggle room if things go south. Expect some bumps in the road ahead, and remember to keep your eye on the longterm prize. That's all for now, folks! Stay diversified, stay informed, and as always, don't forget to enjoy the ride. Finny out!