Archives of “June 30, 2021” day

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Recap of Fed’s Waller – “does not rule out 2022 rate hike”

  
  Analysis
Reuters headline their recap with  “does not rule out 2022 rate hike” and that’s not just a piece of clickbait, Waller said:
  • “The unemployment rate would have to drop fairly substantially, or inflation would have to really continue at a very high rate, before we would take seriously a rate hike in 2022, but I’m not ruling it out,” 
Bolding mine.

Seems unlikely where we are right now, but there are 18 months until the need of 2022 so I think its only reasonable he cannot rule it out. Stranger things have happened.

S&P and NASDAQ close at a record high

  
Analysis, US Market

All major indices close higher

The S&P in NASDAQ are both closing at record high levels
  • S&P close higher for the fourth consecutive day
  • Dow is up 185 points at the highs for the day. Give up most of those gains
  • NASDAQ up for the second straight day
  • The Dow industrial is on track for a monthly loss of for June
  • Russell 2000 index down for the second consecutive day
  • Technology and healthcare led the gains in the S&P,,while utilities, industrials and communication services were the biggest losers
The final numbers are showing:
  • S&P index up 1.19 points or 0.03% at 4291.80
  • NASDAQ index up 27.82 points or 0.19% at 14528.33
  • Dow industrial average 9.02 points or 0.03% at 34292.29
  • Russell 2000 index fell -13.49 points or -0.58% at 2308.84