Loading...

GraniteShares

Research

The Long and Short of it, week ending 2 July 2021

Posted:
Publication Type: Market Commentaries

U.S stock markets rallied to all-time highs with all three major stock indexes reaching record levels. Strong economic data as represented by Friday’s mostly better-than-expected payroll report, Thursday’s post-pandemic low in jobless claims, climbing consumer confidence and surging home prices combined to push stock markets higher. Also helping stock prices was President Biden’s announcement he would sign the almost $1 trillion bipartisan infrastructure bill if it reached his desk. Ten-year U.S. Treasury rates fell 11bps last week pushed lower by diminished inflation
concerns (the payroll report showed decreasing wages) and increasing expectations the Fed would not need to raise rates sooner than later. At week’s end, the S&P 500 Index increased 1.7% to 4,352.34, the Nasdaq Composite Index rose 1.9% to 14,639.33, the Dow Jones Industrial Average gained 1.0% to 34,786.35, the 10-year U.S. Treasury rate fell 11bps to 1.43% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.5% percent.

 

For More Detail read the following PDF.

The Long and Short of it, week ending 02 July 2021

Granite Shares

More research related to

3LAL 3LAP 3LZN 3LMS 3LFB 3LTS 3LNF 3LNV 3LVO 3LBC 3LLL 3LGL 3LBP 3LAZ 3SAL 3SAP 3SZN 3SMS 3SFB 3STS 3SNF 3SNV 3SBC 3SLL 3SGL 3SBP 3SAZ 3SVO 3LDO 3SDO 3LBA 3SBA 3LRI 3SRI 3LRD 3SRD 3LRR 3LUB 3SUB 3FNG FANG 3SFG SFNG 3LNI 3SNI
Related Products

Request a meeting or need more information

Please get in touch

© 2021 GraniteShares. All rights reserved.