Markets – How Much Higher?

The S&P 500 and the Nasdaq continue pushing to new highs! Certainly, good news! On the back of the technology sector, the Nasdaq climbed 3.02%, followed by the S&P 500 1.49%.  The Dow fell (.73%) and the Small Cap Russell 2000 (1.18%).

Out of the 11 S&P 500 sectors, only 3 were positive, with Technology doing practically all of the heavy lifting last week, moving higher by 6.29%.  Real Estate and Communication Services were slightly higher leaving 8 sectors either flat or negative.

Foreign stocks fell (4.31%) on the heals of economic turmoil in France.  Emerging market stocks inked out a small gain, .29%.

How much higher can the indexes climb?  The S&P 500 is sitting at 5431, already surpassing, practically all of the expert market predictions.

For the time being, the answer appears to depend on Nvidia, Alphabet, Microsoft, Meta and Amazon, as they account for a significant amount of the indexes year-to-date gain. 

Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) moved in the desired direction for May.  The CPI was flat and the PPI fell.  For the past 12 months, the CPI is down to 3.3% and the PPI 2.2%. 

Both reports are welcomed news, as bond rates moved lower for the week, with 10-year US Treasury finishing the week with a yield of 4.221%.  The rate is down from 4.62% on May 29th.  Typically, a short-term benefit to stocks and bonds.

Within the CPI report, Airlines, New Car and Clothing prices fell.  Groceries were unchanged, however Restaurant prices continued to climb.

Now that the rate of inflation has gradually moderated, where do we go from here?  Too many possibilities to list and only 1 thing for certain, time will tell, as it always does!

Do you know someone who is approaching Social Security Age?

Many of our weekly blog readers know first-hand, the importance in fully understanding your options, to facilitate making the best decision for your situation.

We continue to offer our complimentary Social Security Analysis.  Since 2008, we’ve helped countless couples, singles, divorced spouses and widows/widowers make informed decisions.

If you or someone you know is approaching Social Security Age, please feel free to reach out to schedule a complimentary analysis.  The analysis is NOT time consuming, however the information provided may make a huge difference, for your financial future.

To schedule your analysis, please reach out to my colleague, Chris Tomasso at either or (856) 354-3200 x205.

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