Hope you are all doing well. The markets were mixed this week with the Dow flat, the S&P down slightly and the Nasdaq up slightly. It was a light week of market news outside of the Fed meeting. Tonight is Game 7 of the NBA finals, I have broken down this week’s update using memorable NBA finals game 7s.
Parish blocks Magic to seal championship for Celtics over their long time rival – 1984
We have seen an escalation this week between two long time rivals in the Middle East. The question on the mind of investors all week was what if anything the U.S. will do block Iran’s nuclear aspirations. Sunday morning we got our answer: the US attacked three key Iranian nuclear facilities early Sunday local time.
President Donald Trump claimed the operation “obliterated” the sites, but officials are still assessing how significant of a blow it dealt to Tehran’s program. “Operation Midnight Hammer”: B-2 stealth bombers dropped more than a dozen massive “bunker-buster” bombs on Iran’s Fordow and Natanz facilities, while Tomahawk missiles struck Isfahan. Expect this coming week to be volatile but the direction of the market will likely depend on how successful the strikes were, and if Iran retaliates against the U.S..
Willis Reed comes out of the tunnel to play with a torn thigh. Knicks defeat the Lakers -1970
The economy like Willis Reed is showing resilience. Inflation concerns are still lingering. Expect the Fed will likely take the summer off as it waits for more clarity For 2026, officials now project just one cut (down from two), and another in 2027, implying a shallower path than in March and slightly more cautious than market expectation. Expect the market to start to move more on trade deals than on the Fed over the next few months.
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