Nightly $SPY / $SPX Scenarios for June 24, 2025

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🔮 Nightly SPY / SPX Scenarios for June 24, 2025 🔮
🌍 Market-Moving News 🌍

🇺🇸 Markets Eye Powell Testimony & Consumer Confidence
Today brings a double dose of market-moving data: the June Consumer Confidence Index and Fed Chair Jerome Powell’s testimony before Congress. These will be key indicators of household sentiment and potential shifts in Fed rate guidance

🛢️ Oil Volatility Persists on Middle East Strain
Oil prices briefly spiked after U.S. strikes on Iran’s nuclear facilities, prompting fears of supply disruptions. However, prices have since dipped as ceasefire hopes emerge. Investors remain cautious on energy headwinds

💱 Dollar Retraces on Safe-Haven Rotation
The dollar softened after peaking as geopolitical tensions eased slightly. Still, it remains sensitive to Powell’s tone and confidence data, which could reintroduce volatility

📊 Key Data Releases & Events 📊
📅 Tuesday, June 24:

10:00 AM ET – Conference Board Consumer Confidence (June)
Monitors household optimism; a rebound could support consumer spending and equities.

10:00 AM ET – Fed Chair Powell Testimony Begins
Powell appears before the House Financial Services Committee. Market focus: inflation outlook, tariffs, and potential timing for rate cuts.

⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.

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