Index Weekly Wrap for the Week of Jun 14

Summary of content for the week of Jun 14:

1. Week 24 major indexes performance;
2. Week 24 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.

U.S
U.S stocks edged higher in a relatively quiet week. Economic data released this week shows U.S retails sales rebounded in May following 1Q slow, indicates that consumers are still well-positioned, It's an important indicator as the consumer spending accounts for 2/3 of GDP. Another indicator CPI showed May inflation slowed to 2% last month from 2.1% in Apr. 

However, market sentiments dampened by the U.S-China trade tensions and 10-year and 3M treasury yield inversion. 

Among SPX 11 major sectors, Consumer Discretionary(XLY) is the most outperformed sector and Energy(XLE) lagged, oil attempted to rally following attacks on two tankers in middle east, but finished lower in worries of lower global demand.

China/HK
China stocks rebounded as market confident the government would step up stimulus measures to cushion the economy from the impact of U.S tariffs. HK stocks erased earlier gain as street protest turned into a riot, which added uncertainties to HK outlook. 

Singapore
STI recorded a strong 2nd-week rebound with an immediate resistance level at 3233 level.