June 28, 2025 | Tech Talk for Saturday June 28th 2025

The Bottom Line

All-time highs for the S&P 500 Index and NASDAQ Composite Index were recorded on Friday!

What about a summer rally by U.S. equity indices this year? According to www.EquityClock.com, “The market may be setup for a move higher going into the new quarter. Stocks have tended to produce gains, on average, between June 27th and July 17th in what is often referred to as the summer rally. The S&P 500 Index has chalked up an average return of 1.39% during this timeframe and has been positive in 70% of the periods over the past 50 years. During years when the market is positive, year-to-date, heading into this seasonally strong period, as is the case this year, the results are slightly better with an average return of 1.56% over the approximately three-week span with only eight times in past 33 instances realizing a decline. There is certainly an improved likelihood of success during this mid-year period of strength ahead with buying demand ingrained. Funds typically flow into the market at the start of the month, quarter, and second half of the year, so long as the market environment remains positive”.

After the close on Friday U.S. bank stocks and related ETFs rallied following release of the Federal Reserve’s stress test results on their reserves. Most banks showed a greater than previous result and are expected to receive approval on Tuesday to increase their share buyback programs. Large U.S. Bank iShares (KBE) advanced $1.01 to $56.75.

OOPs! Near the close on Friday President Trump announced end of U.S. trade talks with Canada siting Canada’s extension of its recently introduced digital service tax. The Canadian Dollar quickly dropped 0.40 to US72.97 cents.

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Don Vialoux June 28th, 2025

Posted In: Tech Talk

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