Jordan Cunningham
speaker
132 appearances
2 recordings
1 series
first heard Jun 2026
last heard 8 Jul
Jordan Cunningham’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
Yeah, so the money that left big tech definitely shifted around the market.
We saw quite a lot of other sectors up over the week.
Healthcare was the standout.
That was up actually 7.9% for the week.
Real estate added 4%, utilities nearly 4%, consumer staples up 1.5%.
So industrials, financials, energy, they all outperformed the index.
Small caps rose.
What we're seeing there is that broadening into other areas of the market.
Rotation into cyclicals, banks, industrials.
That was really a defining theme of the week.
So, you know, a lot of the macro focus has been on the US-Iran conflict.
And last week, with a bit of a shift to the background of that with the memorandum of understanding, there has been an increasing focus on the US Federal Reserve and what's to come there from the right environment.
Both Bank of America and Deutsche Bank have come out and said that they are expecting hikes in rates in the coming year at 75 and 50 basis points respectively.
That really adds to that hawkish repricing that we've been seeing since the Fed's chair Warsh's first meeting.
The economic data that came out of the US was also broadly supportive of that narrative as well.
So May's core PCE came out on the last week.
That's really the Fed's key inflation measure that they look to.
It actually rose 3.4% year on year.
That was in line with expectations though.
Consumer sentiment, there was a research released by University of Michigan, and that showed that the final June reading came in at 49.5, which is up from a record low of 44.8.
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