Jun
2025
Comment: US markets steady but cracks emerge amid LA protests
DIY Investor
9 June 2025
Russell Shor, Senior Market Analyst at Tradu.com, said:
“Protests in downtown Los Angeles have intensified, prompting President Trump to deploy National Guard troops under federal authority – a rare step, given the state’s lack of a request.
“Even so, market sentiment remains firm. The US dollar has eased, mirroring the dip in short‑end Treasury yields since Friday’s jobs report, while S&P 500 futures sit above a key resistance level ahead of the cash open.
“Economic resilience is still propping up risk appetite, yet early cracks have emerged in the soft data: the ISM Services PMI has slipped into contraction, and consumer sentiment is falling sharply. Should forthcoming hard data confirm a downturn, that could mark a turning‑point for the market.”
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