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Stock Market Update Monday June 24, 2024

Stock Market Update Monday June 24, 2024 U.S. equities retreated modestly on Tuesday, with the S&P 500 Index slipping 0.33% and the Nasdaq 100 Index declining 1.1%.  Nvidia (NVDA) contributed to the tech-heavy Nasdaq's weakness, extending its three-day pullback to nearly 13%.

Away From Stocks: Treasury yields were virtually unchanged, with the 2-year yield ticking up one basis point to 4.71% and the 10-year yield settling at 4.38%, down one basis point from Friday. Commodities markets saw mixed movements, with WTI crude oil prices edging towards $82 per barrel and gold prices rebounding to $2,333 per ounce.  Meanwhile, Bitcoin prices slumped to $59,200, and the VIX volatility index, a gauge of market anxiety, inched above 13.

On June 18th we advised our premium members in the discord room to be cautious the crypto

We said: We do not short bitcoin, now is a time to be cautious in accumulating the crypto.

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