June 30, 2023

Markets:

U.S. equity futures rose Friday as Wall Street looked to cap off a banner start to 2023 and the latest inflation data showed continued easing.

Apple shares rose nearly 1% before the bell to trade above a $3 trillion market cap. Elsewhere, Nike shares fell about 3% after the apparel giant reported a weaker-than-expected quarterly profit.

Friday is a pivotal day for investors, marking not just the end of the June, but also the conclusion of the second quarter and the first half.

U.S. Treasury yields climbed on Friday as investors braced themselves for the release of the latest personal consumption expenditure price index, which is the Fed’s preferred inflation gauge. It could therefore impact the central bank’s next interest policy moves.

European equity markets opened in slightly positive territory Friday, after making marginal gains throughout the week, with investors keeping an eye on upcoming euro zone inflation data.

China’s factory activity data stayed in contraction territory for the month of June, according to the National Bureau of Statistics’ latest purchasing managers’ index reading.

Portfolio:

We enter the last trading session of the quarter holding positions in SRAD, S, SOFI, EXEL, and DKNG. All are moving higher in premarket and looking strong to start the day. Although it's Friday, we may be adding a new opportunity today. Queue continues to ignite, which excites us for what's to come, and we want to take full advantage of the period ahead. Be on alert.