End of Week Market Intelligence

The US equity market is facing renewed pressure from the 'growth-rates tango' after strong payrolls data sparked fears of potential Fed rate hikes. Analysts remain cautious due to valuation levels but highlight strong projected earnings growth.

Key Takeaways

• 1.US May payrolls exceeded expectations at 172k net new jobs, keeping the unemployment rate at 4.3%.
• 2.The 'growth-rates tango' has returned, with markets monitoring the interplay between economic growth, inflation, and Fed rate expectations.
• 3.Supply chain issues persist in Energy (Strait of Hormuz blockade) and Technology (compute memory shortages).

Table of Contents

• End of Week Market Intelligence: everybody tango!
• chart of the week - 75 years of dancing in La Boca
• What to watch for
• This week’s market performance - June 5, 2026, 3:00 PM
• Global Market Intelligence
• Resource Corner
• Disclosure Appendix