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- Top Pros' Top Picks 6/30/26
Top Pros' Top Picks 6/30/26
Mike Larson
June 30, 2026
Mike Larson | Editor-in-Chief
Stocks are mixed in early trading, while crude oil is flat-lining at the end of a volatile quarter. Gold and silver are slightly higher along with the US dollar, while Treasuries and cryptocurrencies are losing ground.
It has been one raucous quarter for the stock market! The S&P 500 Index (^SPX) is on track for its best three-month performance in six years, following an ugly start and a strong finish, while the Nasdaq-100 Index is up 25%. Strong corporate earnings growth, solid economic data, and expectations for a resolution to the Middle East conflict have all combined to drive stocks higher.
Source: Bloomberg
Meanwhile, the Philadelphia Stock Exchange Semiconductor Index soared 81% – its best quarter ever. But chip stocks also just suffered their worst weekly pullback since last April amid questions about the sustainability of the gains.
Wall Street is making it rain thanks to the market’s strength. Companies raised a record $251 billion via Initial Public Offerings so far this year. JPMorgan Chase & Co. (JPM) expects another dozen $1 billion-plus deals to hit the tape in the second half, too.
Finally, the dollar’s strength has been one of the quarter’s biggest surprises. Expectations for tighter Federal Reserve policy and a slump in the Japanese yen to four-decade lows just pushed the US Dollar Index to a 13-month high. That has weighed on assets that get hurt by a higher dollar, including gold. It’s down about 10% in Q2, the sharpest drop in more than a decade.
S&P 500 7,440.43 (+1.18%) ↑ | VIX 17.63 (-0.11%) ↓ |
Dow Jones Industrial Average 52,182.74 (+0.59%) ↑ | Gold $4,036.50 per ounce (-0.04%) ↓ |
Nasdaq Composite 25,820.14 (+2.07%) ↑ | Oil $71.43 per barrel (+0.96%) ↑ |
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With key questions swirling on AI and tech stocks, hot IPOs, Federal Reserve policy, and ongoing tensions in the Middle East, six top experts sat down with me to cover today’s biggest market themes — and discuss the top sectors that could shape the next major move.
The episode delves into the wild trading action (globally and in the US) for “Big Tech” on the day of the conversation, plus what it suggests about the future of AI and chip stocks. It also covers market seasonality, the “worst six months” for the market and what to do about them, plus the one fundamental force likely to keep propelling stocks later this year.
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Manufacturing: Solid Now, But What Happens When Restocking Boost Runs Out?
👉️ TICKERS: IEF, TLT, SPY
The S&P Global manufacturing PMI rose again to 55.7 from 55.1 – and continues to be boosted by restocking of inventories. But the mixed and uneven economy continues, with the pockets of strength highly concentrated, maintains Peter Boockvar, editor of The Boock Report.
SK Hynix: South Korean Mega-Cap Listing in US Amid AI Gold Rush
👉️ TICKERS: CBRS, TSM, MU
SK Hynix just announced plans for a US listing in an effort to raise nearly $30 billion. The South Korean memory chip maker, which makes up 30% of the KOSPI, is looking to get its piece of the AI gold rush as companies race to finance themselves in either equity or debt markets, observes Amber Kanwar, host of the In the Money with Amber Kanwar podcast.
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