Skip to main content

Newsroom

Economic Trends and Market Highlights – June 29, 2026

In this Weeks Quick Recap: A Market in Transition

WEEK IN REVIEW: JUNE 29, 2026

Last week, investors shifted money away from AI mega-caps toward cyclical sectors and smaller companies. Inflation is proving stubborn, and U.S.-Iran tensions aren’t helping, putting upward pressure on energy prices and hardening the Fed’s resolve.

Here’s how the markets performed, and a look behind what drove the numbers.

STOCK INDEX PERFORMANCE

WHAT MOVED THE MARKET

Inflation Continues to Stick. May’s core Personal Consumption Expenditures (PCE) held at 3.4%4 year-over-year, well above the Fed’s 2% target and declining only marginally. As a reminder, core PCE reflects the prices paid for goods and services, but it does not account for the prices of goods considered more volatile, such as energy. However, despite a higher PCE, consumer spending still increased, sending a complicated message. All eyes will be on the Fed during July’s meeting to see the central bank’s take on the data.

Rates, the Dollar, and Commodities. The 10-year Treasury yield edged below 4.40%5, but monetary policy is staying restrictive. The dollar hit a 13-month6 high on rate-hike expectations and a flight from riskier assets. Brent crude oil swung sharply, briefly touching four-month lows7 on hopes for progress in U.S.-Iran talks before reversing course after a new U.S. strike on Iranian targets. Gold held above $4,0008 an ounce on geopolitical anxiety and inflation doubts.

Micron Posts an Impressive Quarter. Micron, a leading producer of computer memory and data storage products, posted fiscal third-quarter revenue that surged more than fourfold to over $41 billion9, driven by increasing demand for AI infrastructure. The stock dropped double digits ahead of the report, then surged more than 15% on the results. This surge in revenue indicates that AI and AI-related companies do not seem to be slowing their growth.

 

THE WEEK AHEAD

Fresh data this week will put the higher-for-longer rate story to the test. Key releases include the ISM Manufacturing report on Wednesday, July 1; weekly jobless claims on Thursday, July 2; and the ISM Services report on Monday, July 6. Together, they will offer a clearer read on whether price pressures are easing and growth is holding up under restrictive policy.

As a reminder, the U.S. stock market will be closed on Friday, July 3, 2026, in observance of Independence Day. I hope you enjoy the holiday weekend!

Markets may be moving fast right now, but I am here to help you stay the course. If you have any questions about your portfolio, please do not hesitate to reach out.

 


STAY AHEAD

We are here to help you navigate what’s ahead. If you have any questions or would like to discuss
how this week’s insights might apply to your situation, please don’t hesitate to reach out.
And if you know someone who would benefit from this newsletter, we’d be happy to connect with
them. With their permission, we’ll ensure they receive future editions.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax, financial or legal advice. Please consult legal, financial or tax professionals for additional and/or specific information regarding your individual situation. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security. Advisory services offered by World Investment Advisors, LLC. Securities offered by World Investments, LLC, member FINRA/SIPC. World Investment Advisors, LLC is affiliated through common ownership with World Investments, LLC. PensionmarkMeridien is unaffiliated with either World Investment Advisors, LLC or World Investments, LLC.

Sources:

  1. Trading View, June 28, 2026
  2. Trading View, June 28, 2026
  3. Trading View, June 28, 2026
  4. Bureau of Economic Analysis, June 25, 2026
  5. Trading Economics, July 1,2026
  6. Fidelity, June 23, 2026
  7. Trading Economics, May 6, 2026
  8. Macro trends
  9. CNBC, June 25, 2026

Securities offered by World Investments, LLC (Member FINRA/SIPC)