.png)
June 13, 2025
Dow: 42,312
S&P: 5984
Nasdaq: 19,421
10-YR T-Note: 4.38%
Bitcoin: 105,100
VIX: 20.54
Gold: $3,449
Crude Oil: 73.28
Don Selkin, the creator and innovator of the "Fair Value" numbers, as its Chief Market Strategist on the Newbridge platform has given CNBC and its Predecessor, these numbers every day for the over 40 years - never missing a single day, as well as given the fair value for the Nasdaq 100 futures since their introduction in 1996 and the Dow Jones stock index futures since 1997. Mr. Selkin has also been quoted in several publications including but not limited to Bloomberg News, New York Post, Reuters, and The New York Times. Mr. Selkin's Fair Value numbers are included in the U.S.
Futures Report broadcast on CNBC every day before the market
opens attributing "Newbridge Securities" as the source. In addition, NSC provides to its professionals, their clients and the public access to Don Selkin's more in depth financial market views.
The market did better yesterday on another better inflation report, which was the May P.P.I. which showed a nominal gain of 0.1% and 2.6% year over year and for the core rate excluding food and energy it also gained 0.1% and 2.7% for the year. Weekly jobless claims stayed around the same of 248,000.
As a result, the S&P gained 23 points to 6045, the highest close since February 20th and less than 2@ from its all-time high. Other averages did well also but the Dow was held down by a large decline in BA on a tragic plane crash. On the other hand, a large gain in ORCL on earnings provided help to the S&P and Nasdaq.
The U.S. dollar hit its lowest level in three years amid the ongoing tariff threats and newest price data from the President’s tariff policies.
Further hints that tariffs are sparing inflation could put the Federal Reserve in a tight spot ahead of its meeting next Wednesday. But the recent sharp rise in crude oil prices, especially after Israel’s latest attack on Itan, will give the central bank a strong reason not to do anything as they wait for further developments to come about.
In the meantime, the President recently called Chair Powell by an insulting name but his hands are tied to making a replacement until next year when Powell’s term is up.
ADBE is lower this morning after its report last night but unfortunately the market is going to open sharply lower because of the large rise in crude oil prices to over $72 a barrel and that will take away the so-called lower inflation argument put forward by the administration.
