Report published June 8, 2026
Up And Adam: Raymond James Market Update – June 8, 2026
Raymond James · June 8, 2026
Raymond James Chief Investment Officer Larry Adam reports that strong US job growth has eliminated expectations for 2026 Fed rate cuts. Meanwhile, the S&P 500 saw its largest drop in eight months due to profit-taking in the tech sector.
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Finvaulta summarizes Raymond James's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The firm has revised its Fed outlook to zero rate cuts in 2026 following stronger-than-expected labor market data.
- 2.The S&P 500 experienced its steepest daily decline in eight months, driven by significant profit-taking in the Technology sector.
- 3.Market focus remains on the Iran conflict and its potential impact on energy supply, with a base case for supply normalization linked to a July peace deal.
Table of Contents
- Previous Close
- Future
- Will Consumers Keep Spending This Summer? Join Us For Our Webinar Today At 4:00 PM ET
- Job Growth Surprises To The Upside Again In May, Driving Our Revised Fed Outlook—No Cuts In 2026
- At The 100-Day Mark Of The Iran Conflict, Where Do Matters Stand?
- S&P 500 Posts Steepest Daily Decline In Eight Months Amid Profit-Taking In Tech Stocks
- Jobs Data Pushes 2-Year Treasury Yield To 16-Month High—Now More Than 50 bps Above Fed Funds Rate
Report data
Chart of the Day: Labor Lift-Off
| Metric | Estimate | Context |
|---|---|---|
| Nonfarm payrolls | 172,000 jobs | US labor market data |
| 2-Year Treasury Yield | 4.16% | Post-payroll interest rate increase |
Reports in this series
Up And Adam is shown in chronological order through this edition, published on June 8, 2026.
Part of the Up And Adam series — view all 19 editions
Looking for the latest edition? Up and Adam (Jul 23, 2026)
- May 28Up and Adam
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