June looks like it might start with a bang as major indices rose overnight, helped along by gains in so-called “reopening” stocks like Energy, airlines, and cruise stocks. That’s near the highest level since the pandemic began, and may be linked to peoples’ optimism about reopening and travel. Countdown Begins to Friday’s Jobs ReportIt’s a short week, so Friday’s jobs report is probably going to feel like it’s here before we know it. Combined with the PCE data, this likely means inflation worries aren’t going away ahead of the Fed meeting later this month. Checking the Technicals: From a technical standpoint, both the SPX and the NDX have been on more positive tracks recently.

Source: Forbes June 01, 2021 13:18 UTC