U.S. stocks mark time waiting for Friday’s jobs report for May

With U.S. stocks bumping up against the top of the recent trading range of 2100 on the Standard & Poor’s 500 index–and near the May 2015 all-time high for the index at 2135–markets need good news to push stock prices higher. But every piece of good news also increases the likelihood that the Federal Reserve will raise interest rates at its June 15 or July 27 meetings

Markets continue to reposition for a Fed interest rate increase–now it’s a rally in bank stocks and a further drop in gold

Welcome back to December! Remember when the financial markets thought the Federal Reserve was going to raise interest rates three times or maybe even four times in 2016 and suddenly bank stocks were the thing to own? At least until January when the sector went into a dumpster. Well, the positioning was back today–even if just for a day