Gold and Silver are rebounding with Gold up 2.5% in the past 5 days at $5930CAD and down 4.5% month over month. Silver is down 14% this month and up 5.5% from the last 5 days now $88.62 CAD. Silver is still up 80% Year over Year. US Dollar index DXY is down 0.5% this week at 100.87 and up 4% YOY. SP500 Volatility Index VIX is up 6%. SP 500 ES futures rose 2% and are now trading 7560 off 35 handles from their all time highs and having remained above 7000 since mid April..
Global markets achieved their best weekly performance in two months, driven by a soft U.S. jobs report that dialed back interest rate hike fears, alongside a strong rebound in tech stocks that stabilized volatile chipmakers.
Tech clawed back strongly by the end of the week. South Korean memory giants like Samsung and SK Hynix recovered sharply, propelling the Kospi index up more than 6% during a single session, which triggered a "sidecar" trading halt.
Early in the week, the Yen crashed to a 40-year low near JPY 162.5 against the dollar, before roaring back sharply on Thursday as intense speculation grew that Japanese authorities would step in with heavy market interventions.
Crude WTI futures are down 2.5% at $68.78 and now up 5% YOY. On March 2, 2026, Iran's Islamic Revolutionary Guard Corps (IRGC) officially declared the Strait of Hormuz closed.
On June 17th President Trump stated that US oil reserves would run dry in 4 weeks without an Iranian compromise. “We run out of reserves at about four weeks,” Trump said
NYMEX NG natural gas futures which spiked over 100% above $7 in January are down 1% this week now trading $3.25 USD per Million BTU.
The Crypto collapse has paused near the 52 wk low, with BTC up 4% this week to $62,700 and ETH up 9% at $1750. Crypto Holding Company Strategy MSTR is up 21% at $100.77 over the past 5 days. .
Ai powered Government Contractor Palantir is up 18% - PLTR currently trades at $129.30, and down 35% YOY after falling from a 52 week high of 207.52.
NVDA is up 0.8% in the past 5 days at $194.83, and is no longer a 5 Trillion dollar market cap. NVDA accounts for approximately 8% of the entire SP500
SPCX SpaceX is up 8% this week at $162, just above $2 Trillion dollars in market cap. Spacex Fiscal Year loss stands just below $5 billion.
S&P AeroSpace and Defense ETF XAR rose 6% in the past 5 days to $287.56 after making a new All Time High in March of 295.23 following the assasination of the Iranian Supreme Leader. XAR is up 13% Year to Date
Weekly Jobless Claims were down 1,000 at 220,000 for the week ending June 26th.
The Gold/Silver ratio fell 3% now at 66.86 up from a low this year of 43.52 after falling steadily since late October and from its March high of 107. Longer 20 yr and 30 yr US government bonds yields remain below 5%, currently 4.99% respectively.
The Polymarket quoted probability of a total 0 bps in cuts fell to 78%. The probability of at least a 25 bps rate hike is currently 48%. Short term rates stand above 4% in the 2yr at 4.14%
US Comex Copper Futures HG, a leading indicator of economic growth, are up 1% $6.22 usd/lb after a recent new all time high in this week of $6.72 usd/lb..