During the month of June, Energy (+4.24%) and the S&P 500 Index (+3.47%) were the top performers. The bottom performers were Grains (-9.55%) and Crypto (-7.81%). The increase in the Energy (+4.24%) sector was led by bullish performances in Heating Oil (+6.97%) and Light Sweet Crude (+6.16%). The positive performance in Indices (+3.19%) was led by the Nasdaq (+5.82%). Grain (-9.55%) prices remain under pressure from the prospect of strong US production along with recent flooding and weather concerns. The next FOMC will be over the course of two days scheduled for July 30-31. The CME Fed watch tool has a 61% chance of a rate cut scheduled for the September FOMC meeting.
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Sector & Index Performance Consists of the following:
Grains: Corn, Soybean Meal, Oats, Soybeans, Soybean Oil, Wheat, Rough Rice. Livestock: Live Cattle, Feeder Cattle, Lean Hogs. Softs: Cocoa, Orange Juice, Sugar No. 11, Random Length Lumber, Coffee, Cotton No. 2. Currencies: Euro Currency, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc, US Dollar, Brazilian Real, Mexican Peso, Australian dollar. Indices: S&P 500, Mini Dow, Mini Nasdaq. Interest Rates: 30-year t-bond, 10-year t-note, 5-year t-note, Eurodollars. Metals: Gold, Silver, Copper, Platinum, Palladium. Energy: Crude Oil, Reformulated Gas, Natural Gas, Heating Oil, Denatured Fuel Ethanol. Crypto: Bitcoin and Ethereum. S&P 500 Index – All data collected from investing.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.