Stock Market Outlook for June 11, 2026
Following the cues provided by the Consumer Price Index (CPI) report to position portfolios for the summer.
*** 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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Rexford Industrial Realty, Inc. (NYSE:REXR) Seasonal Chart
Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.
The Markets
Ongoing rotation/profit-taking in the technology, materials, and industrial sectors continued to fuel a digestion of this year’s strength in broad market benchmarks ahead of the end of the quarter, a normal phenomenon for this time of year. The S&P 500 Index closed down 1.62%, ending below a level of horizontal support at 7340. A cap has been imposed around the 7600 level and variable support around the rising 20-day moving average (7,471) has been violated, providing a hurdle that short-term traders were selling into over the past couple of days. The 50-day moving average at 7213 is being tested, but, ultimately, levels back to previously broken horizontal resistance around 7000 are fair game amidst a digestion of early year strength aligned with this weaker period on the calendar before the end of the quarter. In the Seasonal Advantage Portfolio that we manage for clients at CastleMoore, we had been prepared for a more volatile/risk-off market framework prior to this downfall and we are little impacted by this risk-off move; our alpha driving engine continues to run strong this year. The conflict/deal in Iran is the ongoing wildcard and the cues that we have been following that warranted moving towards a more defensive posture in risk assets have not gone away (and, arguably, our thesis was reconfirmed, in a big way, in the past week). Subscribers can view the themes in our chart books to either Accumulate or Avoid that we continue to gear portfolios towards.
Today, in our Market Outlook to subscribers, we discuss the following:
- US Consumer Price Index (CPI) and the investment implications within
- The bullish setup in interest rates
- Energy supply and demand fundamentals
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Sentiment on Wednesday, as gauged by the put-call ratio, ended slightly bullish at 0.92.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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