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TommyIV is off this weekend so I am filling in with a brief Wrap Up of the wild week we had. I will have more in depth analysis in Monday's daily Market Commentary.

Optimism over a debt ceiling deal started about mid-week when The House passed a spending bill. The Senate then approved it and passed it on to the White House for signing. The indices had been coiling in a range for weeks and on Friday morning we got a Goldilocks jobs report and that helped push a lot ...

Stocks rallied to start the new month with the Dow adding 153-points, and gains of 1% or more in the more broader indices. The dollar was down sharply, in an odd looking day of trading, and that helped the I-fund lead for the first time in a while. And small caps regained Wednesday's losses and is flirting with a breakout from a large trading range - as is the S&P 500. Bonds were up as yields fell again.

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From 1960, the Month of June Is the beginning of the worst 4-Months of the year, and is the 2nd of the worst 5 & 6 Months of the year. Comparing the 12 months of the year, June & September are the only months with an average less than 0%.

Overall, June ranks as the 11th worst month of the year.
--- It's 10 of 12 for the worst win ratio at 54%.
--- It's 12 of 12 for the worst average-of-all-gains at 2.42%
--- It's 11 of 12 for the worst average at -.11%
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Stocks stumbled again on Wednesday as the two month long back and forth action continues. New month, new direction? Maybe, but what was the direction for the last two months? The Dow lost 135-points on the day and the losses were fairly broad across most indices. The Transports fell nearly 2% after failing at resistance again. The I-fund lagged again with another gain for the dollar, but there's an interesting development there that we'll talk about below.

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Another mixed day for stocks on Tuesday with the Dow down, the S&P 500 and small caps flat, and the Nasdaq rallying again. Neither side (bulls / bears) really got what they wanted, however the bulls appreciate that 4200 held on the S&P 500, but the bears go into Wednesday with a negative reversal momentum on their side. Bonds rallied as yields rolled over, and the I-fund continues to lag, even through the dollar was down slightly.

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