Stock Market Outlook for June 11, 2025
Enthusiasm towards stocks is waning as US equity benchmarks approach their prior highs.
*** 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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Skyline Corp. (NYSE:SKY) Seasonal Chart
Sleep Number Corporation (NASD:SNBR) Seasonal Chart
Workiva Inc. (NYSE:WK) Seasonal Chart
iShares Global Real Estate Index ETF (TSE:CGR.TO) Seasonal Chart
HIVE Digital Technologies Ltd. (NASD:HIVE) Seasonal Chart
Gossamer Bio, Inc. (NASD:GOSS) Seasonal Chart
The Markets
Stocks continued to drift higher on Tuesday as investors focused on any developments stemming from trade negotiations between the US and China. The S&P 500 Index closed up by just over half of 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 remains appropriately positioned, 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:
- Communications Services sector remains a leadership group
- Broadcasting and Entertainment industry
- Waning investor sentiment
- Asset Managers positioning to equities in the Commitment of Financial Traders report
- The increase in Reverse Repurchase Agreements since February
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Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.85.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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