Friends

The quarter ended on a high note for the bulls and what a quarter it has been. We saw stocks tumble in April and on this last day of June we are parked at all-time highs for the market averages. Over a 90-day period we experienced Liberation Day where massive tariffs were proposed, a negative GDP print, another downgrade of U.S Debt, a war in the Middle East, and the S&P 500 falling below 5000- a 19% decline from the February highs. Wow, what a roller coaster ride.

As for today, by the close the Dow Jones Industrial Average was up 275 points to finish the day at 44,094. The S&P 500 was up 31 points to close at 6,204. The Nasdaq Composite Index was up 96 points to close at 20,369. Gold was up $31 to trade at $3,319 per ounce, while oil was down $.55 to trade at $64.97 per barrel WTI.

Now market participants are focused on Congress and the big, beautiful bill. I’ll let you decide whether the bill itself is a good thing or not, but stocks probably would falter a little if the bill did not pass. Next up is the jobs report on Thursday. After that market participants will be focused on second quarter earnings season. The first half of the year was a doozy. Let’s see what the markets have in store for us over the coming six months. Buckle up, the second half of 2025 might just be as wild as the first half was.

Have a nice evening everyone.