Weekly Market Update – June 1, 2026

Taylor Champion
Jun 2
2 min read

Price Return Last Week

S&P 500 +1.5% S&P Mid Cap +1.4% Russell 2000 +1.8%

MSCI EAFE +0.2% MSCI EM +0.2%

10 Yr US Treasury Rate – fell from 4.57% to 4.45%

Source: Refinitiv Eikon

Recent News

Iran Deal Status – Oil prices surged in early trading on Monday after reports stated that Iran ceased negotiations with the United States. This comes after the U.S. and Iran traded strikes against each other over the weekend. Concerns over mines laid by Iran in the Strait of Hormuz remain and removing and preventing additional mines from being laid will be key to increasing future supply.

Source: Thomson Reuters

Core PCE – Apr: 0.2% (Reuters Poll est. 0.3%) Mar: 0.3%

While overall annual inflation increased in April to 3.8% from 3.5%, core inflation rose a more modest 3.3% over the last twelve months. On a positive note, monthly core inflation was reported slightly lower than analyst forecasts at 0.2% versus 0.3% estimates.

Source: The Wall Street Journal

Powell Comments – In his first speech after his term as Federal Reserve Chair ended, Jerome Powell warned that the trust the Fed has built over the years “can be torn down all too quickly,” highlighting his reasoning for remaining on the Board of Governors even after his term as Chair ended.

Source: Thomson Reuters

Too Cool to Age – Had he been alive today, Miles Davis would have celebrated his 100^th birthday on May 26. In honor of his legacy, institutions around the country are hosting tribute events and releasing new issues of his music throughout the year. In addition, a new biopic featuring his time as a 22-year old in Paris is being financed by Mick Jagger and set to debut later this year.

Source: The Wall Street Journal, Variety

Upcoming Events

6/1 – ISM Manufacturing PMI

6/2 – Notable Earnings Reports: Ulta Beauty, Palo Alto Networks

6/3 – ISM Non-Manufacturing PMI, Notable Earnings Reports: Broadcom, CrowdStrike

6/5 – Jobs Report

Source: Refinitiv Eikon

This material is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Views are as of the date shown and may change. Forecasts and forward-looking statements are not guarantees of future results. Information is believed reliable but not guaranteed for accuracy or completeness; third-party sources are not affiliated with Chesley, Taft & Associates (CTA). Indexes are unmanaged, not investable, and shown for illustrative purposes only. Past performance is not indicative of future results. Viewing this material does not create an advisory relationship with CTA.