In this Friday morning market update, Stephen Whiteside reviews the week’s key movements across currencies, commodities, bonds, and equities. The U.S. Dollar is hitting new lows, while the euro and Canadian dollar are gaining. Bond yields are down, and gold has seen a sharp drop, but not enough to trigger a weekly sell signal. Crude oil experienced a dramatic reversal, falling $8.60 for the week, contributing to noticeable price relief at the gas pump.
Equities had a strong week, with the Nasdaq hitting a new all-time high, led by a 6.33% surge in semiconductors. Most of the Ark Invest ETFs are performing well, except for Genomics. Stephen also highlights the performance of the Magnificent Nine stocks, noting new highs for Microsoft, Meta, Nvidia, and Broadcom, while Tesla continues to slide. With inflation data ahead and a holiday approaching, the market remains in a seasonally strong period. Barring any surprises, bullish momentum is expected to continue.
Stephen Whiteside
Friday, June 27, 2025
