Investors brace for the June jobs report as stocks hover near all-time highs and rate cut hopes hang in the balance.
Equities closed out May with a strong rebound after a mid-month dip. Investors are breathing a little easier as inflation continues its slow retreat and Fed officials remain mum on rate hikes. But behind the relief lies a market still addicted to Fed signals, and any data surprise could change the mood fast.
📈 Last Week’s Performance (May 27–31)
| Index | Weekly Change | YTD Change |
|---|---|---|
| S&P 500 | +1.2% | +9.1% |
| Nasdaq | +1.7% | +13.6% |
| Dow Jones | +0.4% | +4.8% |
| Bitcoin | +3.9% | +58.3% |
| Gold | –0.6% | +12.7% |
Winners: Nvidia (NVDA), Broadcom (AVGO), Coinbase (COIN)
Losers: Dollar General (DG), American Airlines (AAL), ExxonMobil (XOM)
🧾 Key Economic Events This Week
Monday, June 3 – ISM Manufacturing PMI
A weak print here could reignite recession fears. Markets want to see signs of steady growth without overheating.
Wednesday, June 5 – JOLTS Job Openings
Labor market tightness is cooling. If openings drop below 8 million, expect dovish commentary.
Friday, June 7 – Non-Farm Payrolls (NFP)
The big one. Last month’s blowout print (+315K) stunned investors. Another strong number could delay Fed pivot expectations, while a weak report might cheer bulls chasing a rate cut.
💰 Earnings Spotlight
Earnings season is basically over, but a few key names still report:
- GameStop (GME) – Wednesday (watch for retail trader sentiment swing)
- Lululemon (LULU) – Thursday
- MongoDB (MDB) – Thursday
🌍 Global Themes to Watch
- OPEC+ Meeting (June 4): Saudi Arabia and Russia are reportedly at odds over further production cuts. Crude has slid below $78. Energy stocks may wobble this week depending on the outcome.
- EU Tariffs on China EVs: A decision looms this week. If the EU escalates tariffs on Chinese electric vehicles, expect ripples across automakers and metals markets (especially lithium, nickel, and rare earths).
- China Stimulus Watch: Beijing’s quiet stimulus efforts continue. Any formal policy announcement could boost emerging markets and commodities.
🔍 Technical Watch: S&P 500 and Bitcoin
📊 S&P 500 (SPX)
- Close: 5,911.69 (May 30, 2025)
- Support: 5,850
- Resistance: 5,950
- RSI: 61 (neutral-bullish)Multpl+1Wikipedia+1TradingView+23Wikipedia+23Wikipedia+23
The S&P 500 closed at 5,911.69 on May 30, 2025. The index is approaching the 5,950 resistance level. A break above this could signal further bullish momentum. However, if it fails to surpass this level, a pullback toward the 5,850 support may occur.
₿ Bitcoin (BTC)
- Price: $105,199
- Support: $103,800
- Resistance: $106,000
- RSI: 58 (neutral)
Bitcoin is currently trading at $105,199. The cryptocurrency is consolidating below the $106,000 resistance level. A sustained move above this could open the path toward $107,000. Conversely, a drop below the $103,800 support might lead to further downside pressure.
In the News
Straight from Glideslope’s Pulse AI:
Investors should keep an eye on the following headlines in the upcoming week:
- Impact of the Trump Administration on Economic Policies: The news about the Trump administration’s plans to sell shares in Fannie Mae and Freddie Mac could significantly impact the housing market. Investors will need to stay informed about how these sales are executed as they could affect home buyers and homeowners. Read more
- Artificial Intelligence Investment Opportunities: Billionaire David Tepper’s recent investment in an AI stock hints at significant growth potential. AI stocks continue to draw attention and could be poised to join other high-value tech companies by 2030. This could influence tech sector investments. Read more
- Political Stability and Investment Climate in Europe: The Trump-backed candidate’s participation in the Polish presidency race is crucial. The outcome could impact European political stability and, subsequently, the investment climate. Read more
- Economic Data Trends: While recent economic data has been unexpectedly positive, underlying complexities remain a concern. Investors should monitor upcoming economic reports to gauge potential market movements. Read more
- Updates on Corporate Tax Breaks: The key corporate tax breaks in the Republican megabill could have significant implications for investors. Details and developments regarding these tax breaks will be critical to watch. Read more
These topics cover essential areas such as economic policy, investment opportunities, global political stability, and fiscal policies that could have far-reaching implications on market trends and investment decisions in the coming week.
Chart of the Week
📈 AI Stocks vs. S&P 500 – YTD Performance
AI-focused stocks continue to outperform the broader market. While the S&P 500 shows steady growth, AI sector ETFs are accelerating faster—despite occasional volatility. This divergence could widen as enterprise AI adoption ramps up and investors chase momentum in tech.
👉 Consider this a signal: the AI trade may not be over yet.
⚠️ Wrap Up
We enter June on relatively stable footing, but this week could shift sentiment fast. The market is threading a needle: strong enough growth to avoid recession, but not so strong that it delays rate cuts. A soft NFP could be fuel for a summer rally, but a hot print will put the brakes on that hope. For now, optimism rules—but with a wary eye on every Fed-adjacent data release.
Positioning tip: Watch cash-rich tech, semiconductors, and consumer discretionary. Steer clear of over-leveraged energy and small-cap banks until clarity improves.
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The information provided in this newsletter is for educational and informational purposes only. It does not constitute financial, investment, legal, or tax advice. The content is not personalized to the needs, objectives, or financial situation of any individual reader. All investments carry a high level of risk, including the potential for loss of principal. The market analysis, predictions, and opinions expressed are based on the information available at the time of writing and should not be considered as a guarantee of future performance.
Please conduct your own research and due diligence before making any investment decisions. It’s advisable to consult with a qualified professional regarding your specific circumstances before taking any action based on the information presented here. The author and publisher of this article disclaim any liability for any direct or incidental loss incurred by applying any of the information in this article, including but not limited to, any loss or damages resulting from errors, omissions, or inaccuracies in the information provided. Remember that past performance is not indicative of future results.
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