https://www.howestreet.com/2025/06/cryptos-make-major-stride-towards-legitimacy-mark-leibovit/

Wall Street Shrugs Off Bombing, Rises On Rate Cut Hopes
After some early indecision, investors rallied late in the day to push Wall Street higher on Monday.

The major averages opened lower and hugged the unchanged line for much of the day as investors waited for Iran’s response to the weekend U.S. air strikes on its nuclear sites.

Reports suggesting that Iran may block the Strait of Hormuz sent the markets briefly back into the red, as did reports of an Iranian attack on a U.S. base in Qatar.

But the markets spiked going into the close after Federal Reserve Vice Chair Michelle Bowman indicated support for a rate cut as early as July, citing concerns about the job market and potential easing of inflationary pressures related to tariffs. Additionally, reports of potential tariff reductions between the U.S. and China helped ease market anxieties.

For the day, the Dow jumped 374.96 points or 0.89 percent to finish at 42,581.78, while the NASDAQ rallied 183.56 points or 0.94 percent to close at 19,630.97 and the S&P 500 climbed 57.33 points or 0.96 percent to end at 6,025.17.

In economic news, the National Association of Realtors said that existing home sales rose 0.8 percent on month in May and saw a 6.2 percent increase in unsold inventory. On a yearly basis, existing home sales fell 0.7 percent.

The major European stocks finished modestly lower on Monday in the aftermath and uncertainty following the U.S. air strikes in Iran.

Germany’s DAX sank 81.54 points or 0.35 percent to finish at 23,269.01, while the FTSE in London dipped 16.61 points or 0.19 percent to close at 8,758.04 and the CAC 40 in France shed 52.09 points or 0.69 percent to end at 7,537.57.

Crude oil prices were on a roller coaster ride on Monday, moving sharply higher earlier in the day in response to the U.S. bombing attack in Iran. But as it looks like Iran won’t try to block the straight of Hormuz, prices plummeted later in the day. West Texas Intermediate crude for August delivery plunged $5.00 of 6.77 percent to $68.84 per barrel.

The price of gold also saw an initial bump on Monday in response to the air strikes, breaking briefly above $3,400 per ounce. It also faded, although nearly so dramatically, trading at $3,394.40 in the late afternoon.

J. Powell is not only politically motivated but one of the stupidest people in Washington, D.C.   Recognize, the FED can easily be disbanded as easily as it was created back in 1913.  Read ‘The Creature From Jekyll Island’ by G. Edward Griffin. In November 2024, the Federal Reserve, under the leadership of Chair Jerome Powell, cut the target range for the federal funds rate by 0.25%. This followed a 0.5% cut in September 2024. These actions marked a shift in the Fed’s focus from aggressively fighting inflation to bolstering the economy.  While Powell has stated that the Fed does not consider politics in its decisions, there have been accusations that his actions could be politically motivated. For instance, some critics have suggested that keeping interest rates high could benefit Donald Trump, who nominated Powell, by undermining the economy under President Joe Biden. We might need legislature ‘bunker-busting’ to get rid of the FED once and for all.

THE CASE FOR ABOLISHING THE FEDERAL RESERVE

 

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WHO IS MARK LEIBOVIT?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

Yes, that’s a cartoon of me. Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week. I’ve dated myself. That occurred for me between 1988-1996. Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.

I APPEARED AS A GUEST PANELIST WITH LOUIS RUKEYSER ONE MONTH BEFORE IN MID-SEPTEMBER 1987

THE MOST HONEST AND THOROUGH MEDIA NEWS OUTLET IN THE U.S.

https://www.newsmaxtv.com/

 

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https://dailycaller.com/2025/06/08/pentagon-disinformation-fueled-americas-ufo-mythology-wsj-reports/

https://tinyurl.com/38ku54a5

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COME ON, DAD. IT’S TIME TO EAT

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