06/15/2026
Volatility was the theme this week. While stocks are currently showing some weakness, this follows a very strong two-month rally. Remember that periods of consolidation are a normal and healthy occurrence after significant market gains.
Highlights for this week include:
• The May employment report and other labor market indicators are consistent with a healthy labor market, which is the key component for economic growth.
• Inflation remains stubbornly above the Federal Reserve’s 2.0% inflation target. Coupled with a resilient labor market, this suggests the Federal Reserve will keep interest rates steady for the foreseeable future.
• While stocks are currently experiencing weakness, this is after a very strong two-month run. While acknowledging the risks posed by the Iranian conflict, consolidation of gains is common after strong market periods.
• We continue to expect stocks to be supported by further economic growth and robust profits.
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