It was a turning point for the markets this week with both the S&P 500 & Nasdaq hitting fresh record highs on Friday. The indices rallied an impressive +3.4% and +4.3%, respectively, on the back of the perfect combination of easing geopolitical tensions and improvement on the trade front.

The markets, give or take, were flat in this shortened week with the observance of Juneteenth. Geo-political and macro concerns were front and center, in addition to the FOMC meeting. As usual, sector developments and updates remained in full force,

Risk off raised its head again as we ended this week, leaving the major indices slightly down for the 5-day period (the S&P 500 fell -0.4% and Nasdaq fell -0.6%). Geopolitical tensions escalated, adding to the already uncertain market dynamics, which offset growing optimism