Market Update | June 16th - June 20th

Indexes

Although there was a lot of big news this week, markets were relatively stable over the week. The S&P 500 fell .2%, the Nasdaq grew .9%, and the Dow Jones grew .9%. ies

Commodities

Gold, exhausted from its strong 2025, fell around 2.5% this week, while gold saw a similar fall of around 1.8%.

Crypto

This week, Bitcoin sat around $105,000 moving only around 1% for the week. Similarly, XRP gained 1% of value this week

Events

Federal Reserve interest Meeting

On June 18th, Jerome Powell, and the rest of the Fed, decided to leave rates steady, despite hopes for a rate cut. However, they did signal that there will be two possible rate cuts by the end of 2025. more importantly, the Fed raised their inflation forecast to 3% causing markets to slide Wednesday.

Rising Tensions in the Middle East

In the beginning of the week, reports of a military conflict between Israel and Iran spooked markets around the world. Investors started to move their money to commodities like Gold and Bonds. By the end of the week, things had calmed down as President Trump delayed U.S. military response.

U.S. Housing Starts Hit a 5-Year Low.

Home construction numbers dropped to the lowest they've ever been since 2020, signaling weakness in the housing market. This news has added to fears of a possible recession in the latter half of 2025.

Retail sales Declined

Data showed that reatail sales have dropped by .9%, meaning people were spending less which is bad for the economy. This negative economic data also added to fears of a possible recession coming later in the year.

What to Look Forward to.

The most ipmactful event for next week will be another Federal Reserve meeting on the 24th and the 25th of June. This meeting could sway markets very heavily in either direction depending on the Fed's decision. Next, The GDP, unemployment claims, core PCE, and Canadian GDP will also all be coming out next week. Finally, Nike and FedEx - two ginormous companies - will have their earings report next week which could have very large implications for the market.

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Comment what YOU think will happen next week!