{"id":4658,"date":"2022-06-05T20:47:36","date_gmt":"2022-06-06T00:47:36","guid":{"rendered":"https:\/\/envisionco.net\/?p=4658"},"modified":"2022-06-05T20:47:47","modified_gmt":"2022-06-06T00:47:47","slug":"week-ending-6-3-2022","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=4658","title":{"rendered":"Week Ending 6\/3\/2022"},"content":{"rendered":"<p><strong>MARKET RECAP<\/strong><\/p>\n<ul>\n<li>US stocks fell by 1.07% for the week. Interest rates were up, the yield on the 10-year treasury increased by 22 basis points to 2.96%.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-4661 aligncenter\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022-300x131.png\" alt=\"\" width=\"300\" height=\"131\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022-300x131.png 300w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022-1024x449.png 1024w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022-768x337.png 768w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022-1536x673.png 1536w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022-500x219.png 500w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/VTI-06-03-2022.png 1554w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<ul>\n<li>Payrolls were up by 390,000 in May, down from 436,000 in April, and the slowest pace of growth since April of 2021. The unemployment rate was flat at 3.6%. Wages were up by 5.2% compared to last year, down from 5.5% in April. Two million people from age 25 to 54 have joined the labor force since September. The labor force participation rate is now 62.3% up from 62.2% in April but still lower than the pre-pandemic February 2020 number of 63.4%.<\/li>\n<li>Jamie Dimon of JP Morgan said, in reference to the economy, &#8220;That hurricane is right out there down the road coming our way, we just don&#8217;t know if it&#8217;s a minor one or superstorm Sandy. You have to brace yourself.&#8221; Bank of America CEO Brian Moynihan has a more sanguine outlook and said that customers are not talking about recession. Elon Musk said he has a &#8220;super bad feeling&#8221; about the economy.<\/li>\n<li>Tesla announced it would cut 10% of salaried jobs.<\/li>\n<li>Existing-home sales fell by 5.9% in April from the previous year.<\/li>\n<\/ul>\n<p><strong>MARKET RECAP<\/strong><\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/Scoreboard-06-03-2022.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4660\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/Scoreboard-06-03-2022-124x300.png\" alt=\"\" width=\"124\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/Scoreboard-06-03-2022-124x300.png 124w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/Scoreboard-06-03-2022-425x1024.png 425w, https:\/\/envisionco.net\/wp-content\/uploads\/2022\/06\/Scoreboard-06-03-2022.png 573w\" sizes=\"auto, (max-width: 124px) 100vw, 124px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET RECAP US stocks fell by 1.07% for the week. Interest rates were up, the yield on the 10-year treasury increased by 22 basis points to 2.96%. Payrolls were up by 390,000 in May, down from 436,000 in April, and &hellip; <a href=\"https:\/\/envisionco.net\/?p=4658\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1893,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4658","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/4658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1893"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4658"}],"version-history":[{"count":3,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/4658\/revisions"}],"predecessor-version":[{"id":4663,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/4658\/revisions\/4663"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}