Wall Street seems to be continuing to benefit from a buyer's flow that has not seen a moment of weakness since May 30.
This flow has just been reinforced by a "communicating vessels" phenomenon at the expense of the Euro zone since June 7.

Despite the stratospheric valuation levels reached in mid-June, Wall Street is redoubling its audacity: after 5 consecutive sessions of gains and a cumulative gain of +3% last week, the US indices are continuing their advance for a 6th consecutive session, with redoubled determination.
The S&P500 and Nasdaq record 'intraday/close doubles'.

The S&P 500 climbs 0.77% to 5,473, but the new all-time high is 5,488, the Nasdaq soars almost 1% to 17,857 (after a high of 17,935), the Nasdaq-100 outperforms with +1.23% (to 19,901, i.e. +18% year-on-year) and seems to be heading for the 20.000Pts... a test of which will be a mere formality in the next 24 or 48 hours.
It's hard to imagine that the 20,000Pts will not be seen before Friday June 21, which will mark the end of the 1st half-year for most managers.
The Dow Jones gained 0.5% to 38,778 points... it's not far off the 40.000: 3 more sessions to go before the '4 witches' holiday (in fact, June 19th will be the 'Juneteenth' holiday, celebrating the abolition of slavery in the USA).

The 3 indices were boosted by rises from Microsoft and Apple (+2%) and Microsoft (+1.3%).
On the figures front, manufacturing activity fell slightly in June in the New York area, according to the local Fed's 'Empire State' survey.
New orders remained stable, while shipments rose slightly. Labor market conditions remained weak, with employment and hours worked continuing to contract.

The pace of input and selling price increases slowed slightly for the second consecutive month. Although current activity remains weak, optimism about the six-month outlook reached its highest level in over two years.
The only cause for satisfaction: the 'general conditions' index gained ten points but remained below zero, at -6.0.

T-Bonds deteriorated sharply on Monday, with +8pts to 4.2920%, supporting the Dollar, which resumed its advance with +0.25% to 1.0715/E, while the '$ Index' remained completely stable at 105.55.

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