Market When Closed, Sunday 1 June

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And For Our Next Act...

by Alex King, CEO, Cestrian Capital Research, Inc

The major market mover of 2025, trade policy, is at an impasse. A federal court has declared that tariff authority lies primarily with the legislative not the executive branch; the executive branch has stated it has many workarounds available to it; my own guess is that the volatility in policy stance starts to settle down and with it so will the market. But probably not immediately.

Let’s check in on where markets stand as of Friday’s close. If there is drama on the Asia open I personally plan to wait to see how the New York open and the first hour or two of trading sets up.

US 10-Year Yield

Equity Volatility

If there is any worried put-buying arising from the Ukraine strikes on Russian military assets over the weekend, I believe that will be a buying opportunity.