Stock Market Outlook for June 9, 2025
The trends of employment are depicting where to invest in this uncertain economy.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
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Invesco Emerging Markets Sovereign Debt ETF (NYSE:PCY) Seasonal Chart
iShares MSCI USA Momentum Factor Index ETF (TSE:XMTM.TO) Seasonal Chart
Hydro One Limited (TSE:H.TO) Seasonal Chart
Masimo Corp. (NASD:MASI) Seasonal Chart
Vanguard Long-Term Bond ETF (NYSE:BLV) Seasonal Chart
Standex Intl Corp. (NYSE:SXI) Seasonal Chart
Palo Alto Networks Inc. (NASD:PANW) Seasonal Chart
Workday, Inc. (NASD:WDAY) Seasonal Chart
The Markets
Stocks found buying demand on Friday as investors reacted positively to a better than expected read of payroll growth for the month of May (actual data, however, was not as optimistic). The S&P 500 Index closed up by just over one percent, continuing to gyrate in the band of resistance between 5900 and 6100. While the 50-hour moving average is no longer enticing the type of buying demand that has been observed over the past couple of months, the large-cap benchmark has still managed to hold this ultra short-term hurdle as support in recent days. Looking forward, we should still be prepared for a digestive period heading into the end of the second quarter before the summer rally period in July gets underway at the end of this month. The first of the two timeframes that account for the bulk of the weakness for the offseason for stocks is directly ahead running from June 14th to June 27th (see our Monthly Outlook for June), therefore adding new risk exposure at this point may not be opportune. Our list of candidates in the market that are worthy to Accumulate or Avoid continues to perform well, keeping investors tuned into those segments of the market that are working, while highlighting those groups that are not.
Today, in our Market Outlook to subscribers, we discuss the following:
- Weekly look at the large-cap benchmark
- US Employment Situation and the investment implications within
- Canada Labour Force Survey and the investment implications within
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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.86.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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