Hey Traders,
The S&P 500 (SPX) closed the holiday-shortened trading week ending June 19, 2026, up 0.93%, finishing at 7,500.58. Despite the relatively modest gain, markets navigated a significant tug-of-war between easing geopolitical tensions and a more hawkish Federal Reserve outlook.
While signs of potential stability in the Middle East helped support risk assets, investors continued to digest the Fed's message that interest rates may remain elevated for longer.
⚠️ What I’m Watching This Week
This week brings two major catalysts that could impact market sentiment:
Economic Data
- Core PCE (Thursday) + PCE Price Index (Thursday) – The Fed's preferred inflation gauge.
With inflation remaining one of the market's biggest concerns, these reports could influence expectations around future Fed policy and interest rates.
Earnings
- Micron Technology (MU) reports earnings after the close on Thursday, June 25
Micron has become one of the most important AI-related semiconductor names, and its commentary on memory demand, data centers, and AI spending could have implications for the broader semiconductor sector and technology stocks as a whole
🎥 New Video: 3 Ways to Trade Micron Without Spending Thousands
With Micron earnings right around the corner, I just released a new video breaking down 3 different ways to trade MU without needing a large account.
👉 Check it out here:
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If you're interested in trading Micron earnings but don't want to tie up thousands of dollars buying shares, this video is for you.
Talk soon,
Gautam
⚠️ Disclaimer: Options involve risk and are not suitable for all investors. Returns are not guaranteed. This message is for educational purposes only and not financial advice
