Daily Note | June 20, 2024 | A Quick Look at FINS and BANX

We had a mid week break and are now back to record highs. So far this year, the S&P 500 has reached 30 new closing highs. The AI euphoria is showing no signs of slowing down.

For economic data, today we saw jobless claims climb more than expected and some additional poor housing data in the form of starts and permits. Lastly, the Philly Fed manufacturing…