Marcus Today Pre-Market Podcast – Monday 19th June

Dow Jones down 109 (-0.32%). Trade in a 300 point range, up 181 at best. S&P 500 -0.37% - close to a 14-month high. NASDAQ -0.68%. For the week the Dow Jones was up 422 points (+1.25%). NASDAQ +3.25%. S&P 500 +2.57%. Some of the big Tech stocks took a pause. Microsoft down 1.7%, Amazon down 1.3%. Microsoft was still up 4.8% for the week, Nvidia was up 10.1%, Tesla was up 6.6% and Meta was up 6.1%., United Health was the biggest drag on the Dow Jones this week down 7.1% after a guidance downgrade. Bond yields were higher, the yen hit a 15 year low. US consumers' near-term inflation expectations dropped to a two-year low in June and the outlook over the next five years improved slightly, according to the University of Michigan survey.

SPI Futures down three points. The ASX 200 was up 152 points for the week (+2.13%), closing at 7251. These are the support and resistance levels on the ASX 200 at the moment. Nex target 7391 (+4.4% from here). Let's see if it can get there and break that.

TODAY'S HEADLINES

• ASX to slip, policymakers front and centre.
• Wall St Week Ahead-Investor skepticism turns to optimism as U.S. stock rally rolls on.
• Blinken, Qin hold 'candid' talks, US and China agree to meet again.
• Biden makes re-election pitch in key swing state Pennsylvania.
• Mystery X9 helicopter takes shape as potential successor to Airbus H145.
• Intel to invest $25 bln in Israel factory in record deal, Netanyahu says.
• Argentina faces crunch IMF talks to defuse looming debt bomb.
• Binance, SEC strike deal to keep US customer assets in country.

Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.

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