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Goldilocks Jobs and New Market Highs · The SPY Trader

• 0:00
  Hello and welcome back to another episode of Spy Trader !
• 0:04
  It is currently 6 am on Saturday , June 6th , 2026 , here in the Pacific .
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  I am your host , Barnaby Bullmarket , and I am so glad you could join me for our early morning market debrief .
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  We have just crossed the finish line of a truly pivotal first week of June , and it was certainly a highenergy start to the month .
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  If you have been watching your portfolio , you probably noticed some significant movement .
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  The broad market , as measured by the S&P 500 and tracked by instruments like the SPY or VOO ETFs , climbed 1.8 percent over the last five trading days , reaching a brand new alltime high .
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  But the real heavyweight champion this week was the Nasdaq100 , which we track through the QQQ trust .
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  It outperformed the rest of the pack with a 2.4 percent gain .
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  This surge was powered by a massive comeback in megacap technology and some incredible breakthroughs in sovereign AI infrastructure .
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  What is even more encouraging for the long term is what we are seeing in the Vanguard Total Stock Market ETF , or VTI .
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  This fund showed broad participation across the board , which tells us that the market rally is finally moving beyond just the big Magnificent Seven names .
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  We are starting to see midcap companies get in on the action as they begin to realize productivity gains from the big AI investments made throughout 2025 .
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  Now , let us dive into the news that really moved the needle .
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  The defining event of the week was the June 5th Employment Situation Report .
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  This was a classic Goldilocks scenario .
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  The U.S.
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  economy added 190,000 jobs , which was slightly below what analysts expected , and the unemployment rate ticked up just a bit to 4.1 percent .
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  Investors took this as a sign of a soft landing , meaning the economy is cooling down enough to keep inflation in check but not so much that we are heading for a scary recession .
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  This news sent a clear signal to the bond market .
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  The iShares 20 plus Year Treasury Bond ETF , which many of you know as TLT , jumped 1.5 percent on Friday as interest rate yields fell .
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  Right now , traders are pricing in an 80 percent chance that the Federal Reserve will give us a 25basis point rate cut at the July meeting .
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  In the sector world , Technology remained the leader .
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  The Technology Select Sector SPDR Fund , or XLK , rose 3.1 percent this week .
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  We saw a lot of excitement around NVIDIA and Microsoft as they announced new partnerships for decentralized AI data centers .
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  Apple also had a great week , up 2.5 percent .
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  Everyone is buzzing about the Worldwide Developers Conference next week , and the rumors about a SiriQuantum integration have renewed a lot of interest in the next hardware cycle .
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  Tesla also made waves , rallying 4 percent after announcing they are expanding their Megapack energy storage business across Europe .
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  Meanwhile , the Financial sector , tracked by XLF , saw a 1.2 percent lift .
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  Big banks like JPMorgan Chase benefited as more companies started looking to merge or acquire each other again .
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  On the darker side of things , Real Estate is still feeling the pinch .
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  The Vanguard Real Estate ETF , or VNQ , was flat for the week .
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  High interest rates are still making it tough for people to refinance debt on big office towers in the cities .
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  So , looking forward , what are our recommendations ?
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  First , I suggest maintaining your core equity exposure with a focus on growth through the Invesco QQQ Trust .
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  Even though the prices look high , the earnings growth of these top tech companies is still superior to everything else .
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  We are moving into the deployment phase of AI , where companies are actually making money off AI software .
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  Second , consider increasing your fixed income duration with the TLT ETF .
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  Since we are likely at the peak of the interest rate cycle , these longterm bonds could see great price gains as rates fall .
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  Third , look for some international diversification with the Vanguard FTSE Developed Markets ETF , or VEA .
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  Markets in Europe and Japan are trading at a discount compared to the U.S.
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  , and the European Central Bank is likely to cut rates even more aggressively than our Fed .
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  Finally , for a defensive play , look at the Health Care Select Sector SPDR Fund , or XLV .
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  Since 2026 is a midterm election year , things might get a little bumpy later this year .
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  Companies like Eli Lilly continue to show strong growth in metabolic health , giving us a great opportunity for growth at a reasonable price .
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  That wraps up our show for this morning .
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  This has been Barnaby Bullmarket for Spy Trader .
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  Have a fantastic Saturday and stay savvy out there !