US equities finished higher in Tuesday trading, ending just off best levels after rallying in the last hour of trading. The Dow, S&P, and Nasdaq finished up 0.93%, 0.67%, and 0.55%, respectively. Looking ahead, the market awaits the highly anticipated June CPI out tomorrow morning. Headline CPI is expected to rise from 0.1% in May to 0.3% in June, though annualized CPI is expected to fall 0.9 points m/m to 3.1% in June, which would be lowest since March of 2021 and down from its June 2022 cyclical peak of 9.1%. Meanwhile, Core CPI is expected to tick down 0.1 points to 0.3% m/m, while annualized core is expected to fall 0.3 points to 5.0%, which would be lowest since November of 2021.

US equities finished higher in relatively uneventful Monday trading following some Friday weakness that capped a down week for the major indices. Fed policy is the key focus ahead of the 25-26 Jul FOMC meeting, where the Fed is expected to deliver a 25bp hike after June's hold. Much of this week's focus is being pulled ahead to key inflation data and the start of bank earnings season on Friday. Fedspeak was also in view today.

US equities were lower this week, though downside was fairly modest despite some cautious Fed expectations and a big backup in yields. The big story of the week was the Treasury selloff that sent 2Y yields back above 5%, hitting the highest level since 2007 on Thursday before coming off on Friday. The week's backup in yields reflects bets that Fed will hold rates higher for longer after hot batch of economic data. 

US equities finished broadly lower on Thursday afternoon the Dow, S&P, and Nasdaq all closing roughly around (1%) below.

A big beat for ADP private payrolls, rising nearly 500K ahead of the 250K consensus estimates. Although job growth came out stronger, it did little to assuage concerns about the economy, rather playing into the need for a more aggressive Fed/global tightening cycle. Bulls still looking to a soft landing and disinflation traction as key talking points.

In terms of specific companies, META formally launched a new Twitter competitor called Threads and Jet Blue said it would end its alliance with American Airlines in an attempt to get the DoJ to reconsider its opposition to a deal with Spirit Airlines.

US equities finished lower in largely uneventful Wednesday trading, with the Dow Jones, S&P500, and Nasdaq closing down 38bps, 20bps, and 18bps respectively. FOMC minutes release largely a nonevent. May factory orders undershot consensus. Geopolitical tensions in focus amid reports the US is preparing to curtail Chinese companies' access to cloud-computing services.

US equities were little changed in a shortened Monday trading session after rallying last week with all of the major indexes up over 2%. There has also been a lot of discussion about how favorable 1H performance bodes well for the rest of the year. ISM manufacturing slipped further into contraction in June, though the prices paid metric came in softer than expected, providing more support for the disinflation theme.

US equities higher this week, with market performance underpinned by continued economic optimism and strong economic data, which outweighed fears of higher-for-longer Fed policy. Still, at the ECB conference in Portugal, Chair Powell said he wouldn't take the idea of hikes at consecutive meetings off the table.

US equities finished mostly higher in relatively quiet Thursday trading. A strong batch of economic data this morning affirmed bullish narratives around a tight labor market and resilient consumer. There was no surprise as all banks "passed" the Fed's stress test with takeaways highlighting the better performance on the part of the larger banks. Economic data is the other big area of focus as weekly initial jobless claims came in below consensus.

US equities finished mixed in fairly directionless Wednesday trading, with the Dow Jones and S&P500 closing down 22bps and 4bps respectively while the Nasdaq closed up 27bps. Geopolitical tensions were in focus again on reporting that the White House is considering new restrictions on AI chip exports to China. The ECB commentary out of the Sintra conference remains hawkish, while Powell said not to rule out the Fed moving at consecutive meetings.

US equities finished higher in Tuesday trading, near best levels, with the Dow, S&P, and Nasdaq up 0.73%, 1.20%, and 1.73%, respectively. Today's strength comes after US equities finished mostly lower on Monday and nearly reverses last week’s declines. Big tech rebounded after a weak Monday, and other outperformers included homebuilders, airlines, autos, software, crypto, media, Chinese internets, banks, retail, and semis. That said, there were still a few pockets of downside though, including drug stores, healthcare providers, healthcare distributors, biotech and life sciences, A&D, and precious metals miners. Overall, today's upside can be tabbed to soft landing optimism after a strong batch of economic data, though the market is still waiting on coming key June economic data along with the start of Q2 earnings season in the next couple weeks.