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Weekly NewsletterJune 23, 2025

This Week on Wall Street – Week of June 23rd

Markets are holding steady to start the week, even as geopolitical tensions flared over the weekend following U.S. missile strikes on Iranian nuclear facilities

This Week on Wall Street – Week of June 23rd

MARKET COMMENTARY

Markets are holding steady to start the week, even as geopolitical tensions flared over the weekend following U.S. missile strikes on Iranian nuclear facilities. Iran responded with a limited strike on a U.S. military base in Qatar, but the measured nature of its retaliation has eased fears of broader conflict for now. Oil prices slid more than 5% in Monday afternoon trading, reflecting investor relief that energy markets avoided a more severe disruption. Analysts suggest that ongoing Middle East instability has priced in for now.

All three major U.S. indexes (Dow, S&P 500, Nasdaq Composite) posted gains of more than 0.5% on the day, as markets took a cautiously optimistic stance. Meanwhile, traditional safe haven assets also edged higher, gold gained 0.27%, and the 10-Year Treasury Yield fell below 4.32%, suggesting lingering investor unease amid the evolving Israel-Iran conflict.

The Fed held interest rates steady last Wednesday, maintaining a “wait-and-see” posture as it evaluates the inflationary impact of newly proposed tariffs by President Trump. The central bank reiterated its data-dependent approach, with attention now turning to Friday’s release of the Personal Consumption Expenditures (PCE) Price Index, a key inflation measure that could influence

From a technical perspective, the S&P remains firmly in an uptrend, comfortably above its 50- and 200-day moving averages. Momentum indicators like RSI are elevated but not yet overbought, suggesting room for further upside if macro conditions remain stable. The Nasdaq continues to lead thanks to mega-cap tech strength, while small caps remain rangebound—a sign of selective risk appetite.

On the corporate front, Tesla surged more than 8% after unveiling its long-anticipated robotaxi service in Austin, Texas, marking a bold leap in autonomous transportation. By contrast, Him & Hers Health plummeted over 30% after pharmaceutical giant Novo Nordisk terminated its partnership with the firm, citing concerns over marketing practices. Northern Trust shares also moved sharply higher as reports surfaced of potential merger discussions with BNY Mellon. 

Economic Releases This Week

Monday: S&P flash U.S. services and Manufacturing PMI 

Tuesday: Consumer Confidence, Fed Chair Powell testifies to House Financial Services Committee

Wednesday: New Home Sales 

Thursday:  Q1 GDP (second revision), Advanced U.S. Trade Balance in Goods 

Friday: PCE Index, Final Consumer Sentiment, Personal Income, Personal Spending 

Stories to Start the Week


Iran Fires on U.S. Base in Qatar as Gulf Nations Close Airspace

Tesla Debuts Long-Awaited Robotaxi in Austin

EU, Canada Sign Security Pact Amid Strained U.S.-Canada Relations

U.S. House Bans Staff Use of Meta’s WhatsApp

Nine Dead in Kyiv Following Intense Russian Airstrike

About This Series

Last Week on Wall Street

Last Week on Wall Street is Waterloo Capital's weekly market recap, published every Monday morning to keep advisors and clients informed on the most significant developments from the prior trading week. Each edition synthesizes equity market performance, fixed income moves, macroeconomic data releases, and notable corporate earnings into a concise, actionable read — cutting through the noise so our readers can focus on what actually matters for long-term wealth management.

Our research team tracks the S&P 500, Dow Jones Industrial Average, NASDAQ Composite, and 10-year Treasury yield as primary benchmarks, while also covering sector rotations, commodity swings, and policy shifts from the Federal Reserve and Washington. When major cross-asset moves occur — such as the historic gold selloff covered in this edition — we dig into the mechanics and the likely ripple effects on diversified portfolios, helping clients contextualize volatility without reacting impulsively.

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Waterloo Capital's investment research is grounded in fundamental analysis and long-term thinking. We believe that disciplined, evidence-based investing — anchored in each client's specific goals, risk tolerance, and time horizon — consistently outperforms reactive decision-making driven by short-term headlines. Our weekly commentary is designed to inform, not alarm: we put market moves in their proper historical context so that clients can hold conviction in their financial plans through periods of uncertainty.

As an SEC-registered investment advisor headquartered in Austin, Texas, with offices across the Southwest and Southeast, Waterloo Capital serves high-net-worth individuals, families, and institutions. Our advisors use proprietary research like this weekly recap as one input among many — alongside in-depth portfolio reviews, tax planning, and estate strategy — to deliver comprehensive wealth management tailored to each client relationship. To learn more about how our investment philosophy and ongoing market research can serve your financial future, contact our team directly.

Investment Disclosure: The information contained in this article is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any security. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. Waterloo Capital, LP is an SEC-registered investment advisor. Registration does not imply a certain level of skill or training. Please consult with a qualified financial professional before making any investment decisions.

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