📈 U.S. Markets at a Glance

• Wall Street Rally: The S&P 500 closed last week just above 6,000—its second consecutive weekly gain—driven by stronger-than-expected job data (139,000 new jobs) and optimism over U.S.–China trade talks. The Dow and Nasdaq also posted solid gains of around 1–1.2%

• Futures Choppy Ahead of Trade Talks: As of Sunday evening, futures were flat to slightly down, reflecting investor caution ahead of Monday’s U.S.–China negotiations and upcoming May CPI/producer price reports

• Broad-Based Buy-In: Technical indicators point to widespread stock participation—about 88% of tech stocks are in uptrends—and signals that typically accompany summer rallies

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🌍 Trade & Global Economic Connections

• U.S.–China Talks Reignite Optimism: High-level trade discussions resumed in London on June 9, following a 90-day ceasefire in tariff escalation declared in Geneva. This renewed dialogue is a key catalyst for recent market strength

• Tariff Worries Linger: Despite recent reprieves, concerns remain that tariffs may continue fueling inflation, influencing both consumer prices and Fed policy decisions .

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💼 Business & Commodity Highlights

• Grain & Oilseed Outlook Slides: Funds hold the most bearish positions in nine months on U.S. grain and oilseed futures, signaling bearish sentiment despite steady export demand

• Inflation Watchlist: With CPI and PPI reports due this week, analysts caution that persistent tariff-driven inflation could delay the Federal Reserve’s anticipated rate cuts .

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🔮 Market Outlook & Risks

• Staying Bullish But Cautious: The S&P 500 has entered a bull market—up more than 20% from April lows—but analysts warn of potential overheating, suggesting possible sideways consolidation ahead

• Key Triggers to Monitor:

  • Economic data: May’s CPI/PPI and job numbers.

  • Trade developments: Outcomes from ongoing U.S.–China negotiations.

  • Corporate earnings: Particularly from consumer and tech sectors hit by recent tariffs.

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📌 Summary

The U.S. markets are showing resilience, supported by robust employment data and renewed trade optimism. Though a pullback isn’t off the table—given inflation risks and tariff unpredictability—the broad rally and technical signals suggest momentum could persist into summer.