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US MARKET CALL: June Swoon!

Jun 7, 2026 4 min read paid

On Wednesday, June 3, we titled our QuickTakes "June Swoon?" As it turned out, the question mark should have been an exclamation mark. On Friday, June 5, stocks swooned unmistakably. The S&P 500 closed at 7,383.74, down 2.64%. The Nasdaq and S&P 500 equal-weight indexes fell 4.77% and 1.45%, respectively. The catalyst was a stronger-than-expected payroll employment report that

Ed Yardeni
Toby Hearst