06/06/2026
📊 WEEKLY RECAP
This week in the US stock market was a tale of two halves: strong momentum early on with the S&P 500 chasing a lengthy winning streak, followed by a sharp reversal on Friday.
Stronger-than-expected May jobs data (172k added private sector mostly) sparked concerns over persistent inflation and potential Fed rate hikes, sending Treasury yields higher and triggering a heavy selloff in tech and semiconductor stocks. The Nasdaq was hit hardest, while the Dow showed more resilience earlier in the week.
Closing prices on Friday, June 5:
- S&P 500: ~7,384 (down ~2.6% on the day)
- Dow Jones: ~50,867 (down ~1.4%)
- Nasdaq: ~25,709 (down ~4.2%)
Overall, the major indices finished the week lower, snapping recent streaks amid profit-taking in AI-related names, inflation fears, potential rate hikes, and AI concerns.
I TRULY hope some of you ate like motherf*ckers today. That is why I continued to bring up how much returns were on just the contract we opened this morning.
ONE day can change your week, your month, your year, your life. Never take a day off. 💯🫡
Have a great weekend and enjoy some well-deserved rest boys!
Let's level up together. No excuses. 🚀🙏