Whetro Morning Market Update June 2

Tim takes a look at a good week and a good month for Wall Street as we head into June and the second half of 2025. What are we expecting this week? 

Episode Transcript

Speaker 1 (00:00):
Six thirty seven on the Dot on a Monday morning.
How are you, mister Wheetrow.

Speaker 2 (00:07):
It's Monday right on. Fantastic. We're getting after it again.
You should cooperate.

Speaker 1 (00:11):
The weather's cooperating. You should be in a good mood.
We had the best month of twenty twenty three. It
ended on Friday with well, it wasn't quite the final
day of the month, but close enough. We're starting a
brand new month now. Today is already in June the second.
We're ready to go. We had a good week and
a good month. Give me the rundown on what happened

(00:31):
on Friday and what we're looking forward to.

Speaker 3 (00:34):
Yeah, this year is just ticking by fast.

Speaker 2 (00:37):
Yeah. On Friday we had consumer spending was in order.
We had the PCE index, which is a favorite measurement
of inflation for the Fed, and it came down. So
that is good news. Year of year there was. It
was at two point three. It came down to two
point one, better than expected. The core, which if we
take out energy and food, came in as expected, so

(01:03):
down just a hair. It was at two point sixtyme
inute two point five. So things are moving in the
right direction and the consumer sentiment. It was better than expected.

Speaker 3 (01:12):
Again there was a fifty point eight.

Speaker 2 (01:14):
It came in at fifty two.

Speaker 3 (01:15):
So the last half of May, things.

Speaker 2 (01:17):
Are turning around. The tariffs are kind of getting in order.

Speaker 3 (01:20):
Well, wax on or tearvon there off.

Speaker 2 (01:24):
So April we heard that that could be the worst
month since the Great Depression. But middle of April it
turned around and it's been going. You know, it's been
moving in the right direction ever since. And May was
good month for the market. So I think NASAC had
almost ten percent in that month. So we had a
very good month. But now we're headed into the six

(01:44):
months of the year. And but before we get to that,
I will give you the recap on what happened on
Friday with Dell up fifty four points zero point s
and P five hundred down point four eight points, which
is pretty at S and P the NAZAC down sixty
two points, which is point three to two, so didn't

(02:06):
affect the month. Now we're going into gym.

Speaker 1 (02:08):
Well that's not so bad.

Speaker 3 (02:10):
No, it's a little of the same old same wele.

Speaker 2 (02:13):
We keep hearing about the tips, meaning we had the
gap which has been Anna Republic old Navy fout twenty
point two. And all this has to do is they said,
oh yea, you know they're buying us up from China.
You know this, all this China stuff could cause three
hundred million in cost. Well goodness, you need to bring
it back here.

Speaker 3 (02:32):
The video fell two.

Speaker 2 (02:33):
Point nine percent, which we know that's an up and
down stock. It's very volatile. In the tech era, we
had Ultra Beauty, Come on now, rose eleven point eight.
People are buying makeup and stuff like.

Speaker 3 (02:44):
That, go gold point one.

Speaker 2 (02:48):
That's why that was good. But Red Robin Burger sold
sixty two point nine percent. That sounds like, you know, now,
that's right, Robin, But they caution you this is now
a five end of the day at five cents, So

(03:09):
it went up a.

Speaker 3 (03:10):
Dollar point or excuse me, it went up points one
point ninety seven, which is sixty two almost sixty three percent.

Speaker 2 (03:18):
So even though it's a big move, I wanted to
put it in perspective because it sounds like, you know,
it's a roaring stock. We look at your today, it's
still down seven one year, down thirty four. They're having
their troubles. And then we had this company called Sharpling.
This is a game now you were talking about gambling.
This is a gaming online gaming company. Charpling fell three

(03:43):
point two. That's after a whopping gain of over one
thousand percent, and I'm thinking.

Speaker 3 (03:52):
What in the world. Well, they were buying up a
bunch of etherom blockchain thrown a bunch of money into
that and into the treasury of that. So that spiked
that company. But boy, it just cautions me, you know,
to see this kind of stuff.

Speaker 2 (04:08):
Everyone's putting money into the into.

Speaker 3 (04:10):
The cryptocurrencies and things, but that's what this company does.
But I also wanted to costume I heard you talking.

Speaker 2 (04:16):
About the casinos.

Speaker 3 (04:18):
The stock market is not a casino, and that's it.
In it, you stay diversified. It's not like taking it
out and.

Speaker 2 (04:25):
Spending an hour out.

Speaker 3 (04:26):
There was a fifty bucks or something like that. It's
a big difference in between the two. So I wanted
to emphasize that after our discussions of last week.

Speaker 1 (04:35):
Yeah and yeah, people need to realize that you got
to be in it for a long run. What are
we looking at? How did how did the how does
the markets look abroad? How did the Asian Europe handle?

Speaker 2 (04:47):
Well, the Shanghai was closed. I believe they're having a holiday.

Speaker 3 (04:51):
But yeah, well we just finished one last week holiday.

Speaker 1 (04:58):
Every week it seems like over there, you know, honest
that God.

Speaker 2 (05:02):
I think.

Speaker 3 (05:02):
I think from May to about September we should have
a holiday every Monday and Friday. But anyway, the taxes
down one hundred and.

Speaker 2 (05:09):
Twenty one points at cat is down fifty six. We
looked at the knee k down almost five hundred points,
which one point three percent, and the hang sag down
one hundred and thirty one or over a half percent.
We have earnings coming out today.

Speaker 3 (05:22):
One of my favorites to watch is Campbell's Okay.

Speaker 2 (05:24):
Coming out tomorrow with Dollar General and CrowdStrike.

Speaker 1 (05:27):
All right, not bad. Well, hopefully by the time we
get around Wednesday, we'll have another good week in store
for us. As we start June, you want to reach
out and to get any information before then, that's easy
to do. We trow Wealth Management four one nine eight
two four thirty three hundred. Tim w atweatroadvisors dot com.

(05:50):
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