Loading...

GraniteShares

Research

The Long and Short of it, week ending 4 June 2021

Posted:
Publication Type: Market Commentaries

U.S. stock markets moved higher again last week with gains mainly coming Friday on a holiday-shortened trading week. Thursday’s better-than-expected jobless claims and President Biden’s retraction of his proposed corporate tax hike increased expectations of strong economic growth, higher inflation and, as a result, increased concerns the Fed may act sooner than later to pare its accommodative monetary policy, pushing all three major stock indexes lower. Those losses, however, were recouped Friday following a payroll report showing good but below-expectations job growth and an unchanged labor participation rate. 10-year U.S. Treasury rates were little changed on the week but experienced increased volatility moving higher one day and then lower the next throughout the week. At week’s end, the S&P 500 Index increased 0.6% to 4,229.89, the Nasdaq Composite Index increased 0.5% to 13,814.49, the Dow Jones Industrial Average rose 0.7% to 34,756.39, the 10-year U.S. Treasury rate fell 2bps to 1.56% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.1%.

 

For More Detail read the following PDF.

The Long and Short of it, week ending 4 June 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.