Up And Adam

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.

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
• Disclosures

Document Preview

Page 1 of 1

Subscribe for full accessStart Free Trial