$DIA, $SPY, $QQQ, $RUTX, $VXX

FLASH: Interest rates down, stock prices up. This week’s action and this year’s action bring new records across the board.

The US stock market finished the abbreviated pre-Holiday session on a higher note with the Dow (+0.7%), S&P 500 (+0.8%), and NAS (+0.8%) ending at fresh record highs.

The US Bond and Stock markets will be closed for Independence Day Thursday

On Friday, the Key economic reports include: June NFPs (consensus 160,000; prior 75,000), Nonfarm Private Payrolls (consensus 147,000; prior 90,000), Average Hourly Earnings (consensus 0.3%; prior 0.2%), Unemployment Rate (consensus 3.6%; prior 3.6%), and Average Workweek (consensus 34.4; prior 34.4) will be reported at 8:30 EDT

Wednesday, all 11 S&P 500 sectors finished in the Green: Real Estate (+1.5%), consumer staples (+1.4%), and utilities (+0.8%) jumped out to an early lead, maintaining their position until the close.

Gains in these rate-sensitive sectors were supported by continued strength in Treasuries of longer tenors, the 10-yr yield (-2 bps to 1.95%) and the 30-yr yield (-4 bps to 2.47%) finish the day at fresh lows for the year.

Gold futures ($1421.10, +$13.10, +1.0%) finished up on the news, that President’s new board nominees are expected to carry a Dovish-minded perspective on policy rates.

The US stock market continues to maintain a Bullish perspective over the Fed’s dovish-minded shift on the path of policy rates, which is contributing to low market rates.

Wednesday, the major US stock market indexes finished at: DJIA +179.32 at 26966.00, NAS Comp +61.14 at 8170.23, S&P 500 +22.81 at 2995.82

Volume: Trade on the NYSE came in at 504-M/shares exchanged

• NAS Comp +23.1% YTD
• S&P 500 +19.5% YTD
• Russell 2000 +16.6% YTD
• DJIA +15.6% YTD

HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish with Key indicators flashing Very Bullish.

Have a safe and sane 4th of July Holiday!

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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