To The Moon

1. MAJOR INDEXES RETURNS

• A week after entering a bull market, the $S&P 500(.SPX)$ recorded its fifth positive weekly result in a row—its longest such streak since November 2021. The three major U.S. indexes posted weekly gains of around 1% to 3%, and the $S&P 500(.SPX)$ and the $NASDAQ(.IXIC)$ rose to their highest levels in 13 months.

• As of last Friday, the$Straits Times Index(STI.SI)$ lost 2.29% weekly; and $S&P/ASX 200(XJO.AU)$ gain 1.81% last week.

Regarding the current market, strategist Michael Hartnett said in a report on Friday that although last week may have entered a technical bull market, this is not the beginning of a new round of sharp gains in the stock market. He doesn't believe this is the start of a "new shiny bull market." The current market looks more like 2000 or 2008.

2. SECTORS AND STOCKS OF $S&P 500(.SPX)$

• At last week, All the sectors rise. Technology sector top the performances by 4.11% with $Microsoft(MSFT)$ , $Apple(AAPL)$ , $NVIDIA Corp(NVDA)$ , $Broadcom(AVGO)$ rose 2.91%, 4.6%, 3.55%, 11.42% respectively.

• Consumer Cyclical rank the top 2 gainer with $Amazon.com(AMZN)$ & $Tesla Motors(TSLA)$ rose 8.04% &15.99% respectively.

• The top 10 winners of $S&P 500(.SPX)$ are $Lumen Technologies(LUMN)$ $IPG Photonics(IPGP)$ $Carnival(CCL)$ $Intel(INTC)$ $Estee Lauder(EL)$ $Oracle(ORCL)$ $Catalent(CTLT)$ $Southwest Airlines(LUV)$ $Norwegian Cruise Line(NCLH)$ $Hewlett Packard Enterprise(HPE)$

3. MACRO FACTORS AND OTHER ASSETS

• Holding tight—for now:The Fed on Wednesday kept its benchmark rate unchanged,Fed signaled that they could lift interest rates again at their next meeting July 25–26 if the economy and inflation don’t cool further.

• Retail resilience: Despite inflationary pressures and fears of a recession, U.S. consumers ramped up their spending in May. Retail sales rose 0.3% relative to the prior month, extending the positive trend from April’s 0.4% month-over-month gain. 

• Dollar decline: The U.S. dollar fell to its lowest level in four weeks against other major currencies as traders tracked a busy week of activity for the world’s major central banks. The dollar ended the week down about 8% from a recent high set in November 2022. 

• Buyback scorecard: U.S. companies spent about 2% more to buy back their shares in this year’s first quarter compared with last year’s fourth quarter. Share repurchases by companies in the S&P 500 climbed to nearly $216 billion, according to S&P Dow Jones Indices. Despite the quarterly gain, last quarter’s figure was short of the record $281 billion recorded in the first quarter of 2022. 

4. THE WEEK AHEAD : Jun 19-23

Earnings Special:

$Sigma Lithium Corporation(SGML)$ , $FedEx(FDX)$, $Freedom Holding Corp(FRHC)$ , $La-Z-Boy(LZB)$ , $KB Home(KBH)$ , $Winnebago(WGO)$ , $Accenture PLC(ACN)$, $Darden Restaurants(DRI)$ , $FactSet Research(FDS)$, $Commercial Metals(CMC)$, $GMS Inc(GMS)$, $CarMax(KMX)$ will report earnings.

Monday

• Juneteenth holiday, U.S. financial markets closed 

Tuesday

• Housing starts, U.S. Census Bureau

Wednesday

• No major reports scheduled 

Thursday

• The Conference Board Leading Economic Index for the U.S.

• Existing home sales, National Association of Realtors

• Weekly unemployment claims, U.S. Department of Labor

Friday

• No major reports scheduled

How is your trading plan in this week？

Any special focus？

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