Holding Steady Despite Weak Jobs Data

Pristine Market Analysis & Watchlist

Hey Everyone,

Overall, the market had a pretty upbeat day. Traders seem to think the worst of the tariff worries might be behind us, at least for now, and are feeling better about the market’s direction. Volatility is still lurking, yet, Wall Street was in a pretty good mood.

-John (sitting in for Andrew this week).

Andrew is on his honeymoon and will return 6/6!

Market Update 📊

Standout Market Performers - June 4, 2025

• Equity Alternatives saw a shift toward safety, with strong gains in Treasury futures and gold, while risk assets like Bitcoin and crude oil declined.

• Global Equities were broadly positive, led by emerging markets and Europe, signaling continued international strength.

• US Equity Indices were mixed to weaker, with major benchmarks like the S&P 500, Dow Jones, and Russell 2000 slightly down, while long-term Treasuries outperformed, and tech-heavy Nasdaq held modest gains.

Overall, markets showed a defensive tilt, favoring safe-haven assets and global equities over US stocks, with risk appetite subdued.👇

Mixed Breadth

Market breadth was mixed, showing a lack of clear directional conviction across the broader market. Overall, sector performance reflected a selective risk appetite, with strength in tech and growth themes but broad underperformance in defensive and traditional value sectors, reinforcing the mixed market breadth.👇

Index Performance June 📈

Portfolio progress is highly dependent on the market environment

So far, so good. Indexes up month-to-date! 👇

Nasdaq and S&P 500 up on the year, Dow close to breakeven, Russell still underwater! 👇

News & Econ Data🌎

Wall Street Wavers as Investors Digest Weak Jobs Data
Markets traded in a choppy fashion as fresh signs of a hiring slowdown tempered optimism, with investors awaiting further economic and labor market updates.

Tech Sector Powers Market Gains Amid AI Optimism
Technology and semiconductor stocks continued to lead, buoyed by strong demand for AI-related products, helping major indices extend their recent winning streaks.

Trade Tensions Flare as New Tariffs Take Effect
The U.S. government doubled tariffs on steel and aluminum imports, heightening trade uncertainty and keeping global markets on edge as negotiations with China remain unresolved.

Market Breadth Mixed as Defensive Sectors Lag
While growth and tech names outperformed, traditional defensive sectors such as utilities and consumer staples underperformed, reflecting selective risk-taking among investors.

US Investing Championship Record🏆

USIC 2025 YTD (4/30): +33.0% | USIC 2024: +254.0% | USIC 2023: +103.5%