Markets Hit Resistance, Fed Week Takes Center Stage

S&P stalls at 6,000, Bitcoin nears $106 K, all eyes on inflation and Fed signals.

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📊 Market Mood

• S&P 500: ~6,000 (represented by SPY at 599.14)—flat to slightly down ahead of critical Fed week.
• Bitcoin: ~$106,328—up slightly, recently retested $106K support.

The S&P is bumping up against a plateau near 6,000, showing hesitation even after a 1% lift following May’s jobs data. Bitcoin is carving a narrow range from $105K–$106K amid positive employment and mixed macro headlines .

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📌 Last Week Recap

Asset	Weekly Change	YTD
S&P 500	▲ ~1.5% (since June 6 close)	▲ ~2%
Bitcoin	▼ ~4% mid-week, then back to +1% by June 6	+9.4% since Feb–June

S&P retraced to 6,000 but struggled to break through. Same for Bitcoin, which dipped mid-week but rebounded past $104K and is now hovering near $106K.

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💼 May Jobs: Strength & Pitfalls

• May NFP: +139,000 (below April’s 147,000 but above expectations) barrons.com.
• Unemployment: ~4.0%; wage growth remains firm.
• Implication: Fed appears cautious; odds of a July cut have dropped significantly .

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🔍 This Week’s Critical Calendar

• June 11: CPI (May)—key inflation indicator.
• June 12: FOMC Decision & Fed projections. Will liquidity tone be hawkish or dovish?
• June 13: PPI + weekly jobless claims.
• June 14: University of Michigan consumer sentiment.

Any sign of stickier CPI or hawkish Fed would likely stall S&P and push bond yields higher, while Bitcoin may bounce on risk-off flows.

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🚀 Technical Check: S&P 500

• Resistance: ~6,000–6,050.
• Support: ~5,900–5,950.
• Overbought? Headed into resistance; momentum indicators are mixed .

Expect sideways trade until CPI and Fed provide clarity.

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💹 Bitcoin Watch

• Support: ~$105K.
• Resistance: ~$106K–107K.
• Catalysts:
  1. Macro sentiment (Fed + CPI).
  2. Geo-political or regulatory headlines (which have been mostly benign lately).

Current range-bound behavior suggests traders are waiting for a breakout signal tied to market volatility.

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🌐 Global Watch

• Europe: Concerns over incoming tariffs and unwinding energy-inflation effects .
• FX: Yen remains weak; potential currency market volatility could impact U.S. equities and safe-haven demand.

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📝 In the News

The following report was exported from Glideslope.ai

Investors should keep an eye on the following headlines in the coming week:

1. **Economic Impact of New Trump Travel Ban**: The new travel restrictions could have implications for various sectors including airlines, tourism, and international business. Investors should monitor how these regulations might affect investments in these areas. Read more

2. **Potential Recession Indicators**: With ongoing debate around the economy’s direction, any new data or analysis on potential recession signals will be crucial for investors to consider when planning their portfolio strategies. Read more

3. **Tech Stocks Focus**: Keep an eye on articles assessing whether stocks like Roku and other AI-related companies are wise long-term investments given the current economic climate. Read more about Roku, Read more about AI Stock

4. **Sector-Specific ETF Reports**: Updates on ETFs like ITOT and IWM will provide insights into broader market trends and sector performance. Read more about ITOT, Read more about IWM

5. **Market Responses to Corporate Actions**: News on significant corporate actions such as BowFlex’s product recall could impact stock prices and investor sentiment towards related sectors. Read more

6. **Regulatory and Political Developments**: Developments in political arenas, especially concerning law enforcement and public policies like the response to recent ICE raids, can influence market stability and investor confidence. Read more

Wrap Up

Nothing dramatic yet—just rangebound and waiting. With both equities and crypto paused, this week’s CPI and Fed decision decide next direction. A hawkish message = risk-off, bond yields rise; dovish lean = equity/crypto bounce.

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