Market views heading into the week highlight what we're watching and important news ahead.
Investment Advisory Group
Truist Advisory Services, Inc.
A look back
The S&P 500 continued higher last week, climbing 1.6% and reaching another fresh high. Conversely, small caps ended the week 1.8% lower while mid caps fell 0.8%.
Following cooler-than-expected inflation data and an updated set of economic projections from the Federal Reserve (Fed), the 10-year U.S. Treasury yield fell 0.22% and the 2-year ended 0.19% lower last week.
Despite an optimistic Consumer Price Index (CPI) reading, The University of Michigan Consumer Sentiment Survey for June showed that inflation concerns are still top of mind.
A look ahead
U.S. financial markets will be closed on Wednesday due to the Juneteenth holiday.
In a relatively light week ahead, investors will largely be focused on various Fed official speaking engagements and global economic data releases.
Economic releases: Empire Manufacturing, Retail Sales, Industrial Production, Housing Starts, Existing Home Sales, and Leading Economic Indicators.
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