June 30, 2021

Gold rose as high as 1% today off yesterday’s low,  but finished June firmly in the red, dropping nearly 7% for the month.  Stocks were mixed as the S&P rose 0.13% to close at a new record high and the Nasdaq dropped 0.17% but still had the best monthly performance, rising 5.5% in June.  The Dow jumped 210 points today, but fell 0.1% in June.  Today’s ADP jobs data beat expectations but did not seem to influence markets widely.  Friday’s jobs report will likely provide a better gauge on economic recovery.