Weekly Market Recap - Friday, 5-Jun

Major US equity indices were down this week. The big story this week was the dip in semis/memory and select AI names, accompanied by a rotation into defensives, financials, and healthcare. There was no real movement on the US-Iran conflict despite last week's hopes that a memorandum of understanding was close that could lead to a 60-day ceasefire and further negotiation on sticking points.

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Weekly Market Recap - Friday, 5-Jun

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