Stock Index: ES, NQ, YM Weekly Update

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๐Ÿ“ˆ S&P 500, Nasdaq & Dow Jones โ€“ All-Time Highs, But Caution Creeping In

๐ŸŸฉ S&P 500 | Nasdaq | Dow Jones

All three indices hit new all-time highs to close out June.

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๐Ÿ”‹ AI optimism

๐Ÿ’ฐ Solid earnings

๐Ÿ•Š๏ธ Dovish Fed tone and falling bond yields

SPX continued its breakout run

Nasdaq surged as big tech led the charge

Dow followed with slower but steady strength

โš ๏ธ But Watch the Signs Beneath the Surface
Consumer confidence dropped sharply

Home sales weakened

Fed speakers remained non-committal on cuts

All three indices now look extended โ€” particularly Nasdaq

Momentum remains bullish, but these rallies are now resting on softening macro, yield compression, and hope that the Fed stays on hold.

๐Ÿง  Key Takeaway
Price action is euphoric โ€” but fundamentals are flashing mixed signals.
When tech leads the market at extremes, volatility risk is elevated.

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