I'm at a bit of a dilemma with my first city. I am at the maximum size (72x72) and there is no space left to build anything. My population is 20,000 and is not rising. I am level 70 and have 40 million in the bank. Throughout building my creation I always took note of the zone demands and brought them down to almost zero which meant I built a lot. My city is covered in buildings. It contains a mega airport and a mega amusement arcade. I've just unlocked the mega zoo but there is nowhere to place it. I must admit I have done very little free roaming
At the moment my demand is mainly industrial and commercial but there is still some demand for residential.
I do not know how to upload map but its ID I believe is 7R2U

The Mega Millions jackpot will increase to an advertised Annuity of $218 Million if no one wins it tonight. The CASH value will be $113.8 Million BEFORE taxes.
After taxes a winner in a state that doesn't tax winnings will take home about $71.7 Million and a winner in New York City which has the highest taxes on lottery winnings will take home about $57.2 Million If no one wins it tonight.
Anonymity policy by state: https://www.reddit.com/LotteryLaws/comments/v78hhy/anonymity_policy_by_statecountry_comprehensive/?utm_medium=android_app&utm_source=share

This is the best tl;dr I could make, original reduced by 75%. (I'm a bot)

NEW DELHI - More than 200 people were killed and hundreds were injured after passenger trains derailed Friday in eastern India, trapping many people inside damaged rail cars, officials said.
More than 900 people were injured, hundreds of whom were sent to hospitals following the accident, which happened about 137 miles southwest of Kolkata.
In November 2016, more than 100 people were killed when 14 coaches of a passenger train rolled off the track in northern India.
The following November, at least 39 people died and 50 were seriously injured in a train derailment in the southern state of Andhra Pradesh.
In August 1995, two trains collided near New Delhi, killing 358 people in the worst train accident in India's history.
More than 12 million people ride 14,000 trains across India every day, traveling on 40,000 miles of track.

Summary Source FAQ Feedback Top keywords: train^#1 people^#2 accident^#3 India^#4 state^#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.

I’ve been reading this page for a couple months now and wanted to give back by writing my experience to a 264 on step 2. I did pre-clinically below average and at first never thought that I would be able to push to a 260+. It took a lot of sweat and friday nights doing extra questions. I’m not a good test taker so I knew I had to go the extra mile to do well on the beast.
Throughout MS3, I did Uworld up until shelf exams finishing the questions a week before shelf. I did my uworld incorrects the week prior to shelfs. I also did all the practice NBME forms that week (usually 4 available). My shelf exams were all over the place (family med lowest at like 11th percentile to neurology which was 94th percentile) but I kind of improved toward the end of MS3. I still did not do well on my last clerkship shelf which was obgyn (44th percentile).
What I think made the difference for step 2 was that I made anki cards from uworld + NBMEs during shelf studying and kept up with the anki cards after each shelf (even the weekend after shelfs). I treated shelf studying as pre-step 2 studying and did not let the information leave my brain after each shelf. I ended up making ~5,000 of my own anki from Uworld + NBME which focused on my incorrects and material that I kept getting wrong. I also did the corresponding anking step 2 cards that were tagged for each clerkship.
The absolute key that made the biggest difference in my opinion is that I started review for step 2 in November by doing ~20 random amboss questions every night for ~6 months. I ended up finishing 3K of those questions before dedicated. I also made anki cards for this (~1,800 cards). It might sound overkill by doing 2 question banks, but if you really want a 255+ if you aren’t the best test taker, you need to know the extraneous stuff. My step 2 form had 6-7 questions that were so far out there but because I had done amboss and studied the 4-5 hammers, I was able to answer the weird questions. That is what differentiates those students in my opinion. And remember, step 2 questions are not weighed equally so if you get the hard questions right, you score higher naturally. The exam is weighted.
All in all, this is a lot of work but I think as an average MD student you need to do the work to get that score. Uworld IS NOT enough to score 255+ in my opinion if you aren’t the best test taker. You need to see more questions and put in the work. The extra anki cards and extra question bank will do it for you if you want it.
NBME 9 (baseline): 258 NBME 10 (week 2): 253 NBME 11 (week 3) : 257 NBME 12 (week 4): 257 Free120 (week 5): 81
Predicted: 260
Actual: 264

Good Friday evening to all of you here on StockMarketChat! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead StockMarketChat. :)

Good Friday evening to all of you here on WallStreetStockMarket! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

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STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

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DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead WallStreetStockMarket. :)

Good Friday evening to all of you here on StockMarketForums! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead StockMarketForums. :)

Good Friday evening to all of you here on EarningsWhispers! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead EarningsWhispers. :)

Good Friday evening to all of you here on StocksMarket! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead StocksMarket. :)

Good Friday evening to all of you here on FinancialMarket! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead FinancialMarket. :)

Good Friday evening to all of you here on stocks! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

(*T.B.A. THIS WEEKEND.)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great new trading week ahead stocks. :)

I'm gonna be giving the sat in November 2023 from india this year. I wanted to know where to practice subjects tests individually. Pls tell Some websites that will help to do the same (ik about khan academy [almost finished it] and college board).
I've not given practice test yet cause I want to have a grasp on all the topics not taught in school here before giving the test (I just entered 11th grade)

Good Friday evening to all of you here on StockMarketChat! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)
Here is everything you need to know to get you ready for the trading week beginning June 5th, 2023.

Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week: Live updates - (Source)

The Dow Jones Industrial Average surged Friday as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a U.S. default.
The 30-stock Dow jumped 701.19 points, or 2.12%, to end at 33,762.76 — its best day since January. The S&P 500 climbed 1.45% to close at 4,282.37. The Nasdaq Composite advanced 1.07% to 13,240.77, reaching its highest level since April 2022 during the session.
With Friday’s gains, the S&P 500 and Nasdaq finished the holiday-shortened trading week about 1.8% and 2% higher, respectively. The Dow’s Friday advance pushed it into positive territory for the week, finishing up around 2%. The Nasdaq notched its sixth straight week higher, a streak length not seen for the technology-heavy index since 2020.
Nonfarm payrolls grew much more than expected in May, rising 339,000. Economists polled by Dow Jones expected a relatively modest 190,000 increase. It marked the 29th straight month of positive job growth.
Recently strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. But Friday data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.
Both data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
“The so-called Goldilocks has entered the house,” Sandven said. “Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing.”
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

S&P Sectors for this past week:

(CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)

(CLICK HERE FOR THE CHART LINK #2!)

A Resilient Labor Market = A Resilient Economy

Another month, another employment surprise. Should we be surprised anymore?
Economists expected payrolls to grow by about 187,000 in May. That’s still a solid job growth number, but a stepdown from what we’ve seen this year through April. However, actual payroll growth beat expectations for the 14th straight month.
The economy created 339,000 jobs in May, close to double expectations. Better still, payroll growth in March and April were revised higher by a total of 93,000!

• March payrolls were revised up by 52,000, from 165,000 to 217,000
• April payroll were revised up by 41,000, from 253,000 to 294,000

(CLICK HERE FOR THE CHART!)

We’ve got two months of payroll data since the Silicon Valley Bank crisis in March, and nothing suggests weakness arising from that banking crisis.
Over the first five months of the year, the economy’s added 1.5 million jobs. That in a nutshell tells you how the economy is doing. For perspective, the average annual payroll growth between 1940 and 2022 was 1.5 million. During the last expansion, 2010-2019, average annual payroll growth was 2.2 million per year.

(CLICK HERE FOR THE CHART!)

But what about the unemployment rate?
The unemployment rate did rise from a 50-year low of 3.4% to 3.7%. This does raise some cause for concern but digging through the data suggests it may be noise more than anything else.
It probably helps to understand that the job growth and unemployment rate data come from different sources. The former comes from asking about 120,000+ businesses how many people they hired. The latter comes from asking about 60,000 households about their employment status. No surprise, the latter is noisier.
A big reason for the weak household survey (and rising unemployment rate) is that more than 400,000 people who were self-employed said they were no longer employed. As you can see in the following chart this is very noisy data, but the recent trend seems to be toward lower self-employment. It’s basically reversing the surge we saw in 2021, when self-employment surged. So, what we’re seeing now may simply be normalization of the labor market as more workers move from self-employment to W2 jobs with an employer.

(CLICK HERE FOR THE CHART!)

Also, the unemployment rate can be impacted by people leaving the labor force (technically defined as those “not looking for work”) and an aging population. I’ve discussed in prior blogs how we can get around this by looking at the employment-population ratio for prime age workers, i.e. workers aged 25-54 years. This measures the number of people working as a percent of the civilian population. Think of it as the opposite of the unemployment rate, and because we use prime age, you also get around the demographic issue.
The good news is that the prime-age employment-population ratio dropped only a tick, from 80.8% to 80.7%. This still leaves it higher than at any point between 2002 and 2022.

(CLICK HERE FOR THE CHART!)

All in all, the labor market remains strong and resilient, despite all the recession calls. Perhaps its not as strong as the headline payroll growth number of 339,000 suggests, but any number above 150,000 would be good at this point. And we’re certainly well above that.
In fact, looking at the job growth and employment-population data, this labor market is probably the strongest we’ve seen since the late 1990’s. Our view since the end of last year has been that the economy can avoid a recession this year, and nothing we’ve seen to date suggests we need to reverse that view. Far from it.

June Better in Pre-Election Years

(CLICK HERE FOR THE CHART!)

Since 1971 June has shone brighter on NASDAQ stocks as a rule ranking eighth best with an 0.8% average gain, up 29 of 52 years. This contributes to NASDAQ’s “Best 8 Months” which ends in June. Small caps also fare well in June. Russell 2000 has averaged 0.6% in June since 1979 advancing 63.6% of the time.
June ranks near the bottom on the Dow Jones Industrials just above September since 1950 with an average loss of 0.2%. S&P 500 performs similarly poorly, ranking ninth, but essentially flat (0.02% average gain).
Despite being much stronger S&P 500 pre-election year June ranks fifth best. For the rest it is just sixth best. Average monthly gains in pre-election year June range from DJIA 1.1% to a respectable 2.4% for NASDAQ. Russell 2000 has been the most consistently bullish in pre-election years, up 8 of the last 11 (72.7% of the time).

(CLICK HERE FOR THE CHART!)

The June Swoon?

Stocks did it again, as the S&P 500 gained 0.2% in the month of May, making it now 10 of the past 11 years that stocks finished green in May. Of course, it gained only 0.01% last year and only 0.25% this year, so the recent returns weren’t off the charts by any measure.
Looking specifically at this year, tech added more than 9% in May, thanks to excitement over AI and Nvidia, with communication services and consumer discretionary also in the green, while the other eight sectors were lower.
Specifically, turning to the month of June, stocks historically have hit a bit of trouble here. Since 1950, up 0.03% on average, the fourth worst month of the year. Over the past 20 years, only January and September have been worse and in the past decade, it is again the fourth worst month. The one bit of good news is during a pre-election year is it up 1.5%, the fifth-best month of the year.

(CLICK HERE FOR THE CHART!)

Here’s another chart we’ve shared before, but years that gained big in January (like 2023) tend to see some periods of consolidation in late May/early June, but eventually experience a surge higher into July. Given the flattish overall May, this could be playing out again.

(CLICK HERE FOR THE CHART!)

What if stocks were having a good year heading into June? Since 1950, if the S&P 500 was up more than 8% for the year going into June (like this year), the month of June was up an impressive 1.2% on average versus the average June return of 0.03%, while in a pre-election year the returns jumped to 1.8%. The percent of the time where returns were higher gets better as well, from 54.8% in your average June to nearly 74% if up 8% or more for the year heading into June, to 80% of the time higher if up 8% for the year in a pre-election year.

(CLICK HERE FOR THE CHART!)

Overall, it has been a very nice run for stocks this year and we remain overweight stocks in the Carson Investment Research House Views. June could potentially cause some volatility, but when all is said and done, we wouldn’t bet against more strength and higher prices in June.

NASDAQ and Russell 2000 Lead June Pre-Election Strength

Over the last 21 years, June has been a rather lackluster month. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. Russell 2000 has fared better with a modest average gain. Historically the month has opened respectably, advancing on the first and second trading days.
From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and returned to losses. The brisk, post, mid-month drop is typically followed by a month end rally led by technology and small caps.
Historical performance in pre-election years has been much stronger with all five indexes finishing with average gains. June’s overall pattern in pre-election is similar to the last 21-years pattern with a brief, shallow pullback after a solid start.
In pre-election years the mid-month rally has been much more robust beginning around the sixth trading day and lasting until the fifteenth. Followed by another modest retreat and rally into the end of Q2.

(CLICK HERE FOR THE CHART!)

May and YTD 2023 Asset Class Performance

May 2023 is now behind us, and below is a look at how various asset classes performed during the month using US-listed exchange-traded products as proxies. We also include YTD and YoY total returns.
May was a month of divergence where Tech/AI soared, and the rest of the market fell. Notably, the Nasdaq 100 ETF (QQQ) gained 7.88% in May while the Dow Jones Dividend ETF (DVY) fell 7.7%. That's a 15 percentage-point spread!
At the sector level, it was a similar story. While the Tech sector (XLK) rose 8.9%, sectors like Energy (XLE), Consumer Staples (XLP), Materials (XLB), and Utilities (XLU) fell more than 5%. In total, 8 of 11 sectors were in the red for the month.
Outside the US, we saw pullbacks in most areas of the world other than Brazil, India, and Japan. China, Hong Kong, France, Canada, Italy, Spain, and the UK all fell more than 5%.
All of the commodity-related ETFs/ETNs were in the red for May, with oil (USO) and natural gas (UNG) falling the most at more than 10% each.
Finally, fixed-income ETFs also fell in May as interest rates bounced back. The aggregate bond market ETF (AGG) was down 1.14% in May, leaving it up just 2.6% YTD and down 2.2% year-over-year.

(CLICK HERE FOR THE CHART!)

How Worried Should We Be About Consumer Debt?

A very common question we get these days is whether we’re concerned about the massive increase in consumer debt.
Short answer: No. Well, not yet anyway. But let’s walk through it in 6 charts.
The New York Federal Reserve (NY Fed) releases a quarterly report on household debt and credit, and the latest one that was released last week came with the headline:
“Household Debt Hits $17.05 Trillion in First Quarter.” But let’s look at the details. Household debt increased by $148 billion in Q1. That translates to a 0.9% increase, which is the slowest quarterly increase in two years. Most of the increase in debt was from mortgage originations ($121 billion) – mortgage debt makes up $12 trillion of the total $17 trillion in debt. The rest was auto loan and student loan balances.
Here’s something interesting: credit card balances were flat in Q1, at $986 billion. The fact that overall balances are higher than where they were in 2019 ($927 billion) should not be surprising given we just experienced a lot of inflation. Prices rose at the fastest pace in 40 years, and so you should expect card balances to increase. However, incomes rose as well.

(CLICK HERE FOR THE CHART!)

When you think debt, the key question is whether households are able to service that debt. A good measure of that is to look at debt service costs as a percent of disposable income. As of Q4 2022, that’s at 9.7%, slightly lower than what it was before the pandemic and well below the historical average.

(CLICK HERE FOR THE CHART!)

There’s even better news: disposable income grew 2.9% in the first quarter of 2023. Significantly higher than the 0.9% increase in total household debt, let alone interest costs!
Part of that includes the large boost to social security income due to inflation adjustments in January. Also, tax brackets were adjusted higher, resulting in more money in household wallets.
But even if you exclude these one-off increases, disposable income growth has been strong between February and April, rising at a 5% annualized pace. In fact, employee compensation by itself has risen at a 3.9% annualized pace over the past three months. Meanwhile, inflation is running just about 3% – which means households are seeing real income gains (adjusted for inflation).

(CLICK HERE FOR THE CHART!)

This is why consumers don’t feel the need to borrow to the extent they did before the pandemic. Credit utilization rates measure credit card balances as a percent of available credit. As you can see in the following chart, utilization rates for both credit cards and home equity lines of credit are well below pre-pandemic averages.

(CLICK HERE FOR THE CHART!)

Lack of stress showing in delinquency data as well
Another way to look for signs of consumer stress is to look at the debt delinquency data. As of the first quarter, the NY Fed survey showed that the percent of loan balances that were more than 90 days delinquent was stable around 1.5%. That’s down from 1.9% a year ago, and quite a bit below the 3% average in 2019.

(CLICK HERE FOR THE CHART!)

Even third-party collections are at record lows, with just over 5% of consumers having collections against them as of the first quarter. This is down from 6% a year ago and below the 2019 average of 9.2%. The average collection amount per person is $1,316, which is lower than the $1,452 average in late 2019. This is surprising because just with inflation you’d have thought the amount would be higher.

(CLICK HERE FOR THE CHART!)

All in all, the data on consumer finances is not showing much cause for concern. So, count us in the “not worried” camp. At least, not yet.

Some Good Inflation News

While the market prices in a much higher likelihood of a rate hike at the June meeting, there was actually some decent news on the inflation front today. Starting with the Conference Board's Consumer Confidence report, in this month's update, the inflation expectations component fell to 6.1% from a peak of 7.9% fifteen months ago in March 2022 (first time reading touched 7.9%). Looking at the chart below, this reading was also at 6.1% fifteen months before that first peak. In other words, for all the talk about how inflation has been stickier, the pace of decline in this indicator on the way down has been the same as the pace of increase on the way up.

(CLICK HERE FOR THE CHART!)

Another notable report was today's release of the Dallas Fed Manufacturing report. The Prices Paid component of that report showed a decline from 19.5 down to 13.8 which was the lowest reading since July 2020. For the month of May, two of the five components (Empire and Philadelphia) showed modest m/m increases from multi-month lows, and three showed significant declines to multi-month lows. The chart below shows a composite of the Prices Paid component using the z-scores for each of the five individual components going back to 2010. The peak for this component was 19 months ago in November 2021. Unlike the inflation expectations of the Conference Board survey, this reading hasn't declined quite as fast as it increased in the 19 months leading up to the peak, but at -0.2, it is still below its historical average dating back to 2010 and back down to levels it was at right before the COVID shock hit the economy in early 2020.

(CLICK HERE FOR THE CHART!)

Home Prices Bounce in Hardest Hit Areas

March data on home prices across the country were released today with updated S&P CoreLogic Case Shiller numbers. Case Shiller home prices had been falling rapidly in many of the twenty cities tracked, but in March we actually saw a pretty big month-over-month bounce in some of the hardest-hit areas like San Diego, San Francisco, LA, Denver, and Phoenix. Some cities still saw declines, however. Las Vegas saw a m/m drop of 0.93%, while Miami fell 0.41%, and Seattle fell 0.28%.
On a year-over-year basis, Miami is still up the most with a gain of 10.86%. As shown in the table below, Miami home prices are up 59.87% from pre-COVID levels in February 2020, and they're only down 2.9% from post-COVID highs. Only Tampa is up more than Miami from pre-COVID levels (+61.04%), but Tampa prices are down more from their post-COVID highs (-4.70%) than Miami (-2.90%).
Four cities are down more than 10% from their post-COVID highs: San Diego (-10.12%), Las Vegas (-10.95%), San Francisco (-16.35%), and Seattle (-16.50%). New York is down the least from post-COVID highs of any city tracked at just -2.9%.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

Below we include charts of home price levels across all 20 cities tracked by Case Shiller along with the three composite indices. We've included a vertical red line on each chart to highlight pre-COVID levels. When looking through the charts, you can see this month's small bounce back in most cities after a 6-9 month pullback in prices from peaks seen early last year.

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 5th, 2023

(CLICK HERE FOR THE YOUTUBE VIDEO!)

(VIDEO NOT YET POSTED.)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6/2/23

([CLICK HERE FOR THE YOUTUBE VIDEO!]())

(VIDEO NOT YET POSTED.)
Here is the list of notable tickers reporting earnings in this upcoming trading week ahead-

($NIO $GTLB $GME $CIEN $DOCU $SAIC $ASO $SJM $CXM $THO $OLLI $MOMO $CBRL $FERG $TTC $HQY $CPB $PLAY $QMCO $FCEL $LOVE $ABM $CNM $HTOO $TCOM $JOAN $UNFI $SFIX $CHS $GIII $SIG $SMAR $PL $ZFOX $HYZN $VRA $CASY $MTN $SMTC $ALYA $DBI $SCWX $JILL $OESX $BSE $REVG $VBNK $VRNT $RENT $HCP)

(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)

(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)

([CLICK HERE FOR MONDAY'S PRE-MARKET NOTABLE EARNINGS RELEASES!]())

(N/A.)

Here is the full list of companies report earnings for this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.5.23 Before Market Open:

(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Monday 6.5.23 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.6.23 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.7.23 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.8.23 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.9.23 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 6.9.23 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())

(NONE.)

(T.B.A. THIS WEEKEND.)

(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?

Join the Official Reddit Stock Market Chat Discord Server HERE!

I hope you all have a wonderful weekend and a great new trading week ahead StockMarketChat. :)

We have entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC (“Wainwright”) relating to the sale of our common stock, $0.0001 par value per share (“Common Stock”), offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the At The Market Offering Agreement, we may offer and sell up to $50,000,000 of shares of our Common Stock from time to time through Wainwright acting as agent.
Sales of our Common Stock, if any, under this prospectus supplement and accompanying prospectus may be made in sales deemed to be “at the market equity offerings” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including sales made directly on or through Nasdaq or any other existing trading market in the United States for our Common Stock, sales made to or through a market maker other than on an exchange or otherwise, directly to Wainwright as principal, in negotiated transactions at market prices prevailing at the time of sale or at prices related to such prevailing market prices and/or in any other method permitted by law. If we and Wainwright agree on any method of distribution other than sales of shares of our common stock on or through Nasdaq or another existing trading market in the United States at market prices, we will file a further prospectus supplement providing all information about such offering as required by Rule 424(b) under the Securities Act. Wainwright is not required to sell any specific dollar amount of shares but will use its commercially reasonable efforts to sell on our behalf all of the shares of common stock requested to be sold by us, consistent with its normal trading and sales practices and applicable laws and regulations, subject to the terms of the At The Market Offering Agreement on mutually agreed terms between Wainwright and us. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.
Wainwright will be entitled to compensation at a fixed commission rate of 3.0% of the gross sales price per share sold under the At The Market Offering Agreement. In connection with the sale of our common stock on our behalf, Wainwright will be deemed to be an “underwriter” within the meaning of the Securities Act and the compensation of Wainwright will be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to Wainwright with respect to certain liabilities, including liabilities under the Securities Act.
We are an “emerging growth company” and a “smaller reporting company” under the federal securities laws and are subject to reduced public company reporting requirements. See “Prospectus Supplement Summary ‒ Emerging Growth Company” and ”‒ Smaller Reporting Company.” Our Common Stock and warrants are listed on the Nasdaq Capital Market under the symbols “ADN” and “ADNWW”, respectively. On June 1, 2023, the closing price of our Common Stock was $0.88 per share and the closing price of our warrants was $0.11 per share.
You should read this prospectus supplement and the accompanying prospectus, and the documents incorporated by reference in this prospectus supplement carefully before you invest.
Investing in our securities involves a high degree of risk. See the information contained under “Risk Factors” on page 5 of this prospectus supplement and in the related sections noted in the accompanying prospectus, and in the documents incorporated by reference herein and therein.
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THE OFFERING
Securities offered
Shares of our Common Stock having an aggregate offering price of up to $50,000,000.
Common Stock to be Outstanding after this offering(1)
Up to 106,818,182 shares of Common Stock, assuming sales of 56,818,181 shares of Common Stock in this offering at an assumed offering price of $0.88 per share, which was the last reported sale price of our shares of Common Stock on Nasdaq on June 1, 2023. The actual number of shares of Common Stock issued will vary depending on the sales price under this offering at which shares may be sold from time to time during this offering.
Manner of offering
“At the market offering” as defined in Rule 415(a)(4) under the Securities Act that may be made from time to time through our sales agent, Wainwright. See “Plan of Distribution” on page S-12 of this prospectus supplement.
Use of Proceeds
We intend to use the net proceeds to fund the operating expenses and capital expenses for product development and plan to make substantial investments over the next several years, among others, in new production equipment and warehousing, systems assembly line, MEA assembly automation, aeronautical stacks, facility expansion, new hirings and for working capital and general corporate purposes. See “Use of Proceeds” on page S-11 of this prospectus supplement.
Risk Factors
Investing in our securities involves a high degree of risk. See the “Risk Factors” section of this prospectus supplement, the accompanying prospectus and in the documents incorporated by reference in this prospectus supplement for a discussion of factors to consider before deciding to purchase our securities.
Trading Symbols Our Common Stock and warrants are listed on the Nasdaq Capital Market under the symbols “ADN” and “ADNWW”, respectively.
(1) The number of shares of Common Stock outstanding immediately after this offering is based on 53,097,236 shares of Common Stock outstanding as of June 1, 2023, and does not include (a) 26,369,557 shares issuable upon exercise of outstanding warrants, and (b) 3,289,855 shares of Common Stock issuable upon exercise of outstanding options, 2,288,772 shares issuable upon vesting of outstanding restricted stock units, 33,671 shares issuable upon outstanding restricted stock units that have vested, and 295,196 shares of Common Stock reserved for future issuance of awards pursuant to the Company’s 2021 Equity Incentive Plan. Unless otherwise indicated, this prospectus supplement assumes no exercise of outstanding stock options or warrants and no settlement of outstanding restricted stock units.
RISK FACTORS
Investing in our securities is speculative and involves a high degree of risk. You should carefully consider the risks set out below and the other documents incorporated by reference in this prospectus supplement that summarize the risks that may materially affect us and our business before making an investment in our securities. Please see “Incorporation by Reference”. If any of these risks occur, our business, results of operations or financial condition could be materially adversely affected. In that case, the trading price of our securities could decline, and you may lose all or part of your investment. The risks set out in this prospectus supplement are not the only risks we face. You should also refer to the other information set forth in this prospectus supplement as well as those incorporated by reference herein and therein, including financial statements and the related notes, for further risks faced by us.
The Company and its securities should be considered a speculative investment due to the high-risk nature of our business, and you should carefully consider all of the information disclosed in this prospectus supplement, the accompanying prospectus and the documents incorporated herein and therein prior to making an investment in the Company. In addition, the following risk factors should be given special consideration when evaluating an investment in the securities.
Risks Related to the Business
We have incurred losses since inception and we expect that we will continue to incur losses for the foreseeable future.
We have not been profitable since operations commenced, and we may never achieve or sustain profitability. We expect to continue to incur net losses and generate negative cash flows until we can produce sufficient revenues and gross profit to cover our costs. We may never become profitable. Even if we do achieve profitability, we may be unable to sustain or increase our profitability in the future. We will require significant additional capital to continue operations and to implement our business strategy. We cannot estimate with reasonable certainty the actual amounts necessary to successfully complete the development, manufacture and commercialization of our products and there is no certainty that we will be able to raise the necessary capital on reasonable terms or at all.
Our audited financial statements included a statement that there is a substantial doubt about our ability to continue as a going concern and a continuation of negative financial trends could result in our inability to continue as a going concern.
Our audited financial statements as of and for the year ended December 31, 2022 were prepared on the assumption that we would continue as a going concern. Our audited financial statements as of and for the year ended December 31, 2022 did not include any adjustments that might result from the outcome of this uncertainty. Our management has determined that there is a substantial doubt about our ability to continue as a going concern over the next twelve months based on the insufficient amount of cash and cash equivalents as of the financial statement filing date and our independent auditors have included a “going concern” explanatory paragraph in their report on our financial statements as of and for the year ended December 31, 2022. In July 2022, we received official ratification from the European Commission of the European Union for one of the Important Projects of Common European Interest (“IPCEI”), Green HiPo. This project provides for the availability of funding of €782.1 million over the next six years. As of the issuance date of the consolidated financial statements, we have not received an agreement which provides the terms of the funding. In addition to Green HiPo, management may pursue additional capital raises in the future. We cannot provide assurance that we will be able to obtain additional funding on acceptable terms, if at all. If we are unable to obtain sufficient funding, we could be required to delay our development efforts, limit activities and reduce research and development costs, which could adversely affect its business prospects. The reaction of investors to the inclusion of a going concern statement by our independent auditors, and our potential inability to continue as a going concern, could materially adversely affect the price of our Common Stock.
We continue to generate a low level of revenue from our core products.
Based on conversations with existing customers and incoming inquiries from prospective customers, we anticipate substantial increased demand for our MEAs and fuel cell systems from a wide range of customers as we scale up our production facilities and testing capabilities, and as the awareness of our MEA capabilities becomes widely known in the industry. We expect both existing customers to increase order volume, and to generate substantial new orders from new customers, with some of whom we are already in discussions regarding prospective commercial partnerships and joint development agreements. As of December 31, 2022, we were still generating a low level of revenues compared to our future projections and have not made any commercial sales to new customers.
Risks Related to the Offering
A return on the Common Stock purchased in this offering is not guaranteed.
There is no guarantee that the shares of Common Stock purchased in this offering will earn any positive return in the short term or long term. Investing in our Common Stock is speculative and involves a high degree of risk and should be undertaken only by holders whose financial resources are sufficient to enable them to assume such risks and who have no need for immediate liquidity in their investment. Investing in our securities is appropriate only for holders who have the capacity to absorb a loss of some or all of their holdings.
We may not be able to maintain compliance with the continued listing requirements of the Nasdaq Capital Market.
Our common stock is listed on the Nasdaq Capital Market. To maintain that listing, we must satisfy minimum financial and other requirements including, without limitation, a requirement that our closing bid price be at least $1.00 per share.
On May 24, 2023, we were notified by Nasdaq Listing Qualifications Staff about bid price deficiency. The Company is reviewing plans to regain compliance with the $1.00 closing bid price requirement. If the Company does not regain compliance with the bid price requirement by November 30, 2023, the Company may be eligible for an additional 180-calendar day compliance period so long as it satisfies the criteria for initial listing on the Nasdaq Capital Market and the continued listing requirement for market value of publicly held shares and the Company provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If we fail to continue to meet all applicable continued listing requirements for The Nasdaq Capital Market in the future and Nasdaq determines to delist our common stock, the delisting could adversely affect the market liquidity of our common stock, our ability to obtain financing to repay debt and fund our operations.
We currently do not have enough authorized shares of common stock to issue all shares offered hereunder and we require stockholder approval and the subsequent filing with the Secretary of State of the State of Delaware a certificate of amendment to our second amended and restated certificate of incorporation to effect an increase of the authorized number of shares of common stock available for issuance under the At The Market Offering Agreement. There is no assurance that such stockholder approval will be obtained which will limit our ability to raise capital and could materially and adversely affect the Company’s business, financial condition and results of operations.
We do not have enough shares of Common Stock currently authorized under our second amended and restated certificate of incorporation (the “certificate of incorporation”) to issue all shares in the offering to pursuant to the At the Market Offering Agreement. We currently have 110,000,000 shares of common stock authorized under our certificate of incorporation. As of June 1, 2023, we had 53,097,236 shares of Common Stock issued and outstanding, 26,369,557 shares issuable upon exercise of outstanding warrants, 3,289,855 shares issuable upon exercise of outstanding options, 2,288,772 shares issuable upon vesting of outstanding restricted stock units,33,671 shares issuable upon outstanding restricted stock units that have vested, and 295,196 shares available for future issuance as awards under the Company’s 2021 Equity Incentive Plan. We currently do not have sufficient remaining authorized shares of Common Stock to fully utilize sales pursuant to the At The Market Offering Agreement unless and until an increase of our authorized shares of Common Stock is approved by stockholders and we file with the Secretary of State of the State of Delaware a certificate of amendment to our certificate of incorporation effecting such increase. If our stockholders do not approve the increase of authorized shares of Common Stock, our business development and financing alternatives will be limited by the lack of sufficient unissued and unreserved authorized shares of Common Stock, and stockholder value may be harmed, perhaps severely, by this limitation.
We have used almost all of our unreserved, authorized shares.
We have currently used almost all of our unreserved authorized shares and will need stockholder approval to implement an increase in our authorized shares of common stock. Our certificate of incorporation and the Delaware General Corporation Law (the “DGCL”), currently require the approval of stockholders holding not less than a majority of all outstanding shares of capital stock entitled to vote in order to approve an increase in our authorized shares of common stock. We currently plan to seek stockholder approval at our annual meeting, which is scheduled to be held on June 13, 2023. There are no assurances that stockholder approval will be obtained, in which event will be unable to raise additional capital through the issuance of shares of common stock to fund our future operations.
We have broad discretion in the use of proceeds from the offering.
Our management will have broad discretion with respect to the application of net proceeds received by us from the sale of the shares under this prospectus supplement and may spend such proceeds in ways that do not improve our results of operations or enhance the value of the securities. Any failure by management to apply these funds effectively could result in financial losses that could have a material adverse effect on our business or cause the price of our common shares to decline.
The Common Stock offered hereby will be sold in “at the market” offerings, and investors who buy shares at different times will likely pay different prices.
Investors who purchase shares in this offering at different times will likely pay different prices, and so may experience different outcomes in their investment results. We will have discretion, subject to market demand, to vary the timing, prices, and numbers of shares sold, and there is no maximum sales price. Pursuant to the At The Market Offering Agreement, our board of directors, or a duly authorized executive committee thereof, may authorize, from time to time, a minimum sales price per share of our common stock sold in this offering, which will limit the Company’s ability to make sales if the price goes below that minimum. Investors may experience a decline in the value of their shares as a result of share sales made at prices lower than the prices they paid.
You may experience immediate and substantial dilution in the net tangible book value per share of the Common Stock you purchase.
The price per share of our Common Stock being offered may be higher than the net tangible book value per share of our Common Stock outstanding prior to your purchase and in such case, you will suffer immediate dilution based on the difference between the price you pay per share of our Common Stock and our net tangible book value per share at the time of your purchase.
The actual number of shares we will issue and the total aggregate proceeds resulting from sales made under the At The Market Offering Agreement with Wainwright, at any one time or in total, is uncertain.
Subject to certain limitations in the At The Market Offering Agreement with Wainwright and compliance with applicable law, we have the discretion to deliver sales notices to Wainwright at any time throughout the term of the At The Market Offering Agreement. The number of shares that are sold by Wainwright after delivering a sales notice will fluctuate based on the market price of the Common Stock during the sales period and limits we set with Wainwright, and as such, it is not currently possible to predict the aggregate proceeds to be raised in connection with this offering or the number of shares that will ultimately be issued.
Future issuances of securities may result in substantial dilution to our existing stockholders and investors.
We may issue or sell additional shares of Common Stock or other securities that are convertible or exchangeable into shares of Common Stock in subsequent offerings or may issue additional shares of Common Stock or other securities to finance future acquisitions. We cannot predict the size or nature of future sales or issuances of securities or the effect, if any, that such future sales and issuances will have on the market price of the shares. Sales or issuances of substantial numbers of shares of Common Stock or other securities that are convertible or exchangeable into Common Stock, or the perception that such sales or issuances could occur, may adversely affect prevailing market prices of the Common Stock. With any additional sale or issuance of shares of Common Stock or other securities that are convertible or exchangeable into Common Stock, our stockholders will suffer dilution to their voting power and economic interest in the Company. Furthermore, to the extent holders of our stock options, warrants or other convertible securities convert or exercise their securities and sell the shares of Common Stock they receive, the trading price of the Common Stock on Nasdaq may decrease due to the additional amount of shares available in the market.
The market price of our Common Stock may be volatile.
The market price of our Common Stock may be volatile and subject to wide fluctuations in response to numerous factors, many of which are beyond our control. This volatility may affect the ability of holders of Common Stock to sell their securities at an advantageous price. Market price fluctuations in our Common Stock may be due to our operating results failing to meet expectations of securities analysts or investors in any period, downward revision in securities analysts’ estimates, adverse changes in general market conditions or economic trends, acquisitions, dispositions or other material public announcements by us or our competitors, along with a variety of additional factors. These broad market fluctuations may adversely affect the market price of the Common Stock.
Financial markets have periodically at times experienced significant price and volume fluctuations that have particularly affected the market prices of equity securities of companies and that have often been unrelated to the operating performance, underlying asset values or prospects of such companies. Accordingly, the market price of our Common Stock may decline even if our operating results, underlying asset values or prospects have not changed. Additionally, these factors, as well as other related factors, may cause decreases in asset values that are deemed to be other than temporary, which may result in impairment losses. There can be no assurance that continuing fluctuations in price and volume will not occur. If such increased levels of volatility and market turmoil continue, our operations could be adversely impacted, and the trading price of our Common Stock may be materially adversely affected.
Sales of a significant number of shares of our Common Stock in the public markets, or the perception that such sales could occur, could depress the market price of our Common Stock.
Sales of a significant number of shares of our Common Stock in the public markets, or the perception that such sales could occur as a result of our utilization of a universal shelf registration statement, our At The Market Offering Agreement with Wainwright or otherwise, could depress the market price of our Common Stock and impair our ability to raise capital through the sale of additional equity securities. We cannot predict the effect that future sales of our Common Stock or the market perception that we are permitted to sell a significant number of our securities would have on the market price of our Common Stock.
Resales of our Common Stock in the public market during this offering by our stockholders may cause the market price of our Common Stock to fall.
We may issue shares of Common Stock from time to time in connection with this offering. The issuance from time to time of these new shares of Common Stock, or our ability to issue new shares of Common Stock in this offering, could result in resales of shares our Common Stock by our current stockholders concerned about the potential dilution of their holdings. In turn, these resales could have the effect of depressing the market price for our Common Stock.
A liquid market in our Common Stock on Nasdaq may not be maintained.
Our stockholders may be unable to sell significant quantities of Common Stock into the public trading markets without a significant reduction in the price of their shares, or at all. There can be no assurance that there will be sufficient liquidity of the Common Stock on the trading market, and that we will continue to meet the listing requirements of Nasdaq or achieve listing on any other national securities exchange. There can be no assurance that an active and liquid market for our Common Stock will be maintained, and our stockholders may find it difficult to resell shares of Common Stock.
USE OF PROCEEDS
We may issue and sell shares of Common Stock having aggregate sales proceeds of up to $50,000,000 from time to time, before deducting sales agent commissions and expenses. The amount of proceeds from this offering will depend upon the number of shares of our Common Stock sold and the market price at which they are sold. There can be no assurance that we will be able to sell any shares under or fully utilize the At The Market Offering Agreement with Wainwright.
We intend to use the net proceeds to fund the operating expenses and capital expenses for product development and plan to make substantial investments over the next several years, among others, in new production equipment and warehousing, systems assembly line, MEA assembly automation, aeronautical stacks, facility expansion, new hirings and for working capital and general corporate purposes. Accordingly, we will have broad discretion in the application of the proceeds of this offering. We incurred operating losses and negative operating cash flow for the year ended December 31, 2022 and for the three months ended March 31, 2023. The Company expects to use the net proceeds from the offering in pursuit of its ongoing general business objectives. To that end, a substantial portion of the net proceeds from the offering are expected to be allocated to working capital requirements. To the extent that we have negative operating cash flows in future periods, we may need to deploy a portion of the net proceeds from the offering and/or our existing working capital to fund such negative cash flow.
Our ultimate use might vary substantially from what is stated in this prospectus supplement and will depend on a number of factors, including those referred to under “Risk Factors” in the accompanying prospectus and any other factors set forth in this prospectus supplement.
The amounts and timing of our use of the net proceeds from this offering will depend on a number of factors, such as the timing and progress of any collaborative or strategic partnering efforts, and the competitive environment for our products. As of the date of this prospectus supplement, we cannot specify with certainty all of the particular uses for the net proceeds to us from this offering. Accordingly, our management will have broad discretion in the timing and application of these proceeds.
All expenses relating to the offering under this prospectus supplement will be paid out of the gross proceeds of the offering.
PLAN OF DISTRIBUTION
We have entered into an At The Market Offering Agreement with Wainwright, pursuant to which we may issue and sell from time to time shares of our Common Stock having an aggregate offering price of up to $50,000,000 through Wainwright as our sales agent pursuant to this prospectus supplement and the accompanying prospectus. Sales of the shares of Common Stock, if any, will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act. If we and Wainwright agree on any method of distribution other than sales of shares on or through Nasdaq or another existing trading market in the United States at market prices, we will file a further prospectus supplement providing all information about such offering as required by Rule 424(b) under the Securities Act.
Wainwright will offer shares of our Common Stock at prevailing market prices subject to the terms and conditions of the At The Market Offering Agreement as agreed upon by us and Wainwright. We will designate the number of shares which we desire to sell, the time period during which sales are requested to be made, any limitation on the number of shares that may be sold in one day and any minimum price below which sales may not be made. Subject to the terms and conditions of the At The Market Offering Agreement, Wainwright will use its commercially reasonable efforts consistent with its normal trading and sales practices to sell on our behalf all of the shares requested to be sold by us. We or Wainwright may suspend the offering of the shares of Common Stock being made through Wainwright under the At The Market Offering Agreement upon proper notice to the other party.
Settlement for sales of Common Stock will occur on the second trading day or such shorter settlement cycle as may be in effect under Exchange Act Rule 15c6-1 from time to time, following the date on which any sales are made, or on some other date that is agreed upon by us and Wainwright in connection with a particular transaction, in return for payment of the net proceeds to us. Sales of our shares of our Common Stock as contemplated in this prospectus supplement and the accompanying prospectus will be settled through the facilities of The Depository Trust Company or by such other means as we and Wainwright may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.
We will pay Wainwright in cash, upon each sale of shares of our common stock pursuant to the At The Market Offering Agreement, a commission of 3.0% of the gross proceeds from each sale of shares. Because there is no minimum offering amount required as a condition to this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. Pursuant to the terms of the At The Market Offering Agreement, we agreed to reimburse Wainwright for the documented fees and costs of its legal counsel reasonably incurred in connection with entering into the transactions contemplated by the At The Market Offering Agreement in an amount not to exceed $50,000 in the aggregate, in addition to up to a maximum of $2,500 per due diligence update session conducted in connection with each such date the Company files its Quarterly Reports on Form 10-Q. We will report at least quarterly the number of shares of our Common Stock sold through Wainwright under the At The Market Offering Agreement, the net proceeds to us and the compensation paid by us to Wainwright in connection with the sales of shares of our Common Stock.
In connection with the sales of shares of our Common Stock on our behalf, Wainwright will be deemed to be an “underwriter” within the meaning of the Securities Act, and the compensation paid to Wainwright will be deemed to be underwriting commissions or discounts. We have agreed in the At The Market Offering Agreement to provide indemnification and contribution to Wainwright against certain liabilities, including liabilities under the Securities Act.
The offering of our shares of our Common Stock pursuant to the At The Market Offering Agreement will terminate upon the earlier of the sale of all of the shares of our Common Stock provided for in this prospectus supplement or termination of the At The Market Offering Agreement as permitted therein.
To the extent required by Regulation M, Wainwright will not engage in any market making activities involving our Common Stock while the offering is ongoing under this prospectus supplement.
From time to time, Wainwright may provide in the future various advisory, investment and commercial banking and other services to us in the ordinary course of business, for which they may receive customary fees and commissions. However, we have no present arrangements with Wainwright for any further services.
This prospectus supplement and the accompanying prospectus may be made available in electronic format on a website maintained by Wainwright, and Wainwright may distribute this prospectus supplement and the accompanying prospectus electronically.
The foregoing does not purport to be a complete statement of the terms and conditions of the At The Market Offering Agreement. A copy of the At The Market Offering Agreement is included as an exhibit to our Current Report on Form 8-K that will be filed with the SEC and incorporated by reference into the registration statement of which this prospectus supplement and the accompanying prospectus form a part. See “Where You Can Find More Information” and “Incorporation of Documents By Reference”.
https://www.sec.gov/Archives/edgadata/1744494/000182912623003885/adventtech_424b5.htm

Hello, pokemontrades!
I am taking reservations for Yasuharu Shimizu's Bronzong#Yasuharu_Shimizu.27s_Bronzong) event farming trades. This short event will run from June 10th to June 11th. I am posting now as we are within the two-week reservation window.
As usual, I am asking for a-button or video proofs of each event redemption. If you haven't done redeems for me before, please look at my Event Pokemon Proofing Guide. For a-button proof, I require the entire a-button screen and the info card with all the details to be clear and readable.

Looking For:

Looking For:	# Still Wanted
Yasuharu Shimizu's Bronzong	50

FT: Select Events

Event	For # Bronzong Redeems
Charizard (Bullseye Charizard), ENG, OT: Bullseye, ID: 100117, History: patchespatch04 > me, Proof: A-Button	6
Lunatone (Sakuji's Mystery Files Lunatone), JPN, OT: サクジ, ID: 170726, History: AnimeKitty421 > me, Proof: A-Button	9
Zygarde (2018 Legends Shiny Zygarde), ENG, OT: 2018 Legends, ID: 060218, History: shinybidoof11 > Pjay12 > me, Proof: A-Button	9
Regigigas (BDSP Ten'i Village Regigigas), KOR, OT: 전이마을, ID: 220601, History: sejin_mb > me, Proof: Video	9
Zeraora (1 Million Victories Shiny Zeraora), ENG, OT: HOME, ID: 200630, History: self-redeemed, Proof: Video	18
Gastrodon-East (PJC 2019 Gastrodon), JPN, OT: カ・エール, ID: 200822, History: SwiftGoten > me, Proof: Video	9
Mew (20th Anniversary Mew), KOR, OT: GF, ID: 02016, History: Makvi > me, Proof: Proofless	4
Jirachi (20th Anniversary Jirachi), ENG, OT: GF, ID: 04016, History: AnimeKitty421 > me, Proof: Proofless	4
Zygarde (Descartes Zygarde), JPN, OT: Descartes, ID: 05026, History: Makvi > me, Proof: Proofless	4
Zygarde (XYZ Zygarde), ENG, OT: XYZ, ID: 05026, History: DT2X > pjay12 > me, Proof: Wonder Card	4
Salazzle (Clovis Salazzle), ENG, OT: Clovis, ID: 80817, History: youngones17 > Makvi > me, Proof: Generic Screenshot, Disclosures: Touched	3
Lycanroc-Midnight (Rocky Lycanroc), ENG, OT: Rocky, ID: 51517, History: Makvi > me, Proof: Wonder Card	4
Pikachu (Singing Pikachu), LANGUAGE SET OF NINE, OT: GF, ID: 210227, History: raviteja101 > me, Proof: Video, Disclosures: Dates don't match due to time travel	18

I have just redesigned (and restocked) my trading spreadsheet, so please make offers if you would like to do redeems for an event or two not listed above. When making offers list multiple events you would consider trading for. This makes it much more likely for me to make a counteroffer and for us to trade successfully.

Animated Film! Here are options for downloading or watching Spider-Man: Across the Spider-Verse streaming the full movie online for free on 123movies & Reddit, including where to watch Miles Morales's latest adventure movies at home. Is Spider-Man: Across the Spider-Verse 2023 available to stream? Is watching Spider-Man: Across the Spider-Verse on Netflix, HBO Max, Disney Plus, Peacock, or Amazon Prime? Yes, we have found an authentic streaming option/service. Watch Spider-Man: Across the Spider-Verse Online Free 720p, 1080p, And 4K.

Watch➡Spider-Man: Across the Spider-Verse Free

Watch➡Spider-Man: Across the Spider-Verse Free

Miles Morales returns for the next chapter of the Oscar winning Spider-Verse saga, Spider-Man: Across the Spider-Verse. After reuniting with Gwen Stacy, Brooklyn’s full-time, friendly neighborhood Spider-Man is catapulted across the Multiverse, where he encounters the Spider Society, a team of Spider-People charged with protecting the Multiverse’s very existence. But when the heroes clash on how to handle a new threat, Miles finds himself pitted against the other Spiders and must set out on his own to save those he loves most. Anyone can wear the mask – it’s how you wear it that makes you a hero.
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After a grueling five-year-long wait, Marvel fans everywhere will finally be able to return to the animated multiverse with Spider-Man: Across the Spider-Verse. The upcoming sequel's predecessor requires no explanation, as Spider-Man: Into the Spider-Verse not only ensnared audiences and critics alike but also caught a prestigious Oscar win with a Best Animated Feature award. With "New York's one and only Spider-Man," Miles Morales (Shameik Moore), now becoming a household name, fans of the first film eagerly awaited the day they could see young Miles swing into the Spider-Verse again.
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Thankfully, the wait is almost finally over, as Spider-Man: Across the Spider-Verse will return to screens soon. This time Miles will not only be reunited with Gwen Stacey (Hailee Steinfeld) and Peter B. Parker (Jake Johnson) but he'll also be introduced to an entire multiversal society of Spider-people created and led by a particularly pessimistic variant of Spider-Man 2099 (Oscar Isaac). Though some of the other variants in this secretive organization view Miles as a nuisance more than anything else, they'll have to learn to put those apprehensions aside if they hope to save the multiverse from an all-new terrifying threat. As the release date for the sequel to one of the most celebrated Spider-Man films ever made crawls closer and closer, here is precisely where and how you can watch Spider-Man: Across the Spider-Verse when it premieres this Summer.
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If you’re like just about everyone else on the planet who saw Spider-Man: Into the Spider-Verse in 2018 and loved it, you’ve probably been waiting for the sequel. You won’t be waiting long, as Spider-Man: Across the Spider-Verse is finally coming out in 2023, a full five years later. It’s been a long wait but by all indications the film is going to be a blast for fans of comic book movies, Miles Morales’ version of Spider-Man, and this new animated franchise featuring the iconic webslinger.
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Spider-Man: Across the Spider-Verse is one of the most highly anticipated animated superhero films of 2023. Serving as a sequel to the critically acclaimed Spider-Man: Into the Spider-Verse (2018), this upcoming installment promises to continue the exhilarating adventures of the Spider-Verse. Fans from all around the globe are eagerly awaiting its release. In this article, we will provide you with all the essential information on the film's release date and how to watch it online from any country, ensuring you don't miss out on this exciting cinematic experience.
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This is especially true for many superhero films, which are often tied directly to specific streaming services. Disney+ and HBO Max - now rebranded as MAX - often house the new streaming releases for the MCU and DCU respectively, usually releasing anywhere between 1–3 months after theatrical release. However, with a film like Spider-Man: Across the Spider-Verse, the situation is slightly different given Sony's lack of a dedicated streaming service, here's where to watch and stream Spider-Man: Across the Spider-Verse online.
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When Is the Release Date for Spider-Man: Across the Spider-Verse?
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When Is the Release Date for Spider-Man: Across thMiles, Gwen, Peter, and several dozen other Spider-people will be swinging into action when Spider-Man: Across the Spider-Verse premieres on Friday, June 2nd, 2023. This almost undoubtedly gives Guardians of the Galaxy Vol. 3 and The Flash a run for their money as the biggest superhero movie event of the Summer. Spider-Verse?
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Spider-Man: Across the Spider-Verse had its world premiere at the Regency Village Theatre on May 30, 2023, and is scheduled for theatrical release in the United States on June 2, delayed from an initial October 2022 date because of the COVID-19 pandemic.
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Where To Watch Spider-Man: Across the Spider-Verse Online:
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As of now, the only way to watch Spider-Man: Across the Spider-Verse is to head out to a movie theater when it premieres on June 2, 2023. You can find a local showing on Fandango.
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Otherwise, you’ll just have to wait for it to become available to rent or purchase on digital platforms like Amazon, Vudu, YouTube or Apple, or become available to stream on Netflix.
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How to Watch Spider-Man: Across the Spider-Verse
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There's been no official announcement regarding Spider-Man: Across the Spider-Verse's streaming release date, though we know it will eventually be released on Netflix, rather than Disney+ or HBO Max.
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In terms of which of the streaming giants Spider-Man: Across the Spider-Verse will be released on, Netflix will house the film upon its streaming debut. While again, Sony does not have its own dedicated streaming service, a deal was struck in 2021 between the studio and Netflix. The deal, stating that Netflix would stream Sony's films after theatrical release, was penned for 5 years meaning Across the Spider-Verse is part of the arrangement.
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While Sony's Spider-Man content is also streaming on Disney+, due to the collaborations between Sony and Marvel Studios in recent years, Across the Spider-Verse will be a Netflix release. While the deal struck between Marvel Studios and Sony may extend to this film, Disney+ is only allowed to begin streaming Sony's Spider-Man releases upon their release on Netflix. As a result, Netflix will be the first streaming service that Spider-Man: Across the Spider-Verse will be available on after its theatrical release.
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Because it’s airing on FX, you can of course fire up Into the Spider-Verse via FX Now. But in addition, the animated flick is streaming on both fubo (which offers a free trial and has cord-cutting plans starting at $74.99/month; sign up here) and DirecTV (which also offers a free trial and has cord-cutting plans starting at $64.99/month.
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​
Is Spider-Man: Across the Spider-Verse in Theaters?
​
Not only was Spider-Man: Into the Spider-Verse the subject of rave reviews, but it also pulled in some gargantuan levels of cash at the international box office, with a final tally that quadrupled the film's ninety-million dollar budget. With incredible success like that, it's only natural that Spider-Man: Across the Spider-Verse would also be taking advantage of a theatrical release. That is the case, as the upcoming film will be exclusively available in theaters when it premieres on June 2nd, 2023.
​
​
​
When Will Spider-Man: Across the Spider-Verse Be on Streaming?
​
The Spider-Man franchise is in a pretty interesting place regarding streaming. The various films of Sony's franchise have typically been scattered across multiple services. That said, following a historic deal between Sony and Disney, the many stories of Peter Parker and beyond are now available on Disney+. This includes the original Sam Raimi trilogy, the first Amazing Spider-Man film, and, starting mid-May, Spider-Man: Homecoming and Venom. Notably absent from the Disney-streaming platform so far are The Amazing Spider-Man 2, Spider-Man: Far From Home, Venom: Let There Be Carnage, Spider-Man: No Way Home, Morbius, and most significant of all, Spider-Man: Into the Spider-Verse.
​
Some of the films are not currently available on the service because Sony has pre-existing partnerships with Starz, as that's where most of the absent films are available to stream. That is except for Spider-Man: Into the Spider-Verse, which is instead only streaming on Fubo TV and FX Now.
​
If Spider-Man: Into the Spider-Verse comes to Disney+ before Spider-Man: Across the Spider-Verse's theatrical run concludes, that would make the House of Mouse's service a likely contender for a streaming release. However, Sony has also historically partnered with Netflix for streaming releases. Up until recently, that's where Spider-Man: Into the Spider-Verse was available to stream, and Sony still brings their other big releases to the service, like Bullet Train and The Woman King.
​
​
​
When will Spider-Man: Across the Spider-Verse be streaming on Netflix?
​
Sony Animation’s big new Spider-Man movie is about to hit theaters and will be headed to Netflix (at least in the United States) later this year. For a prediction as to when and a bit more about the new movie, here’s what you need to know.
​
As we covered in 2021, Spider-Man: Across the Spider-Verse will be headed to Netflix as the service gets both Sony’s animation and live-action content via a first window deal struck in April 2021.
​
The deal stipulates that all Sony theatrical movies come to Netflix in the first window, which at a minimum, is 120 days after its theatrical release date. If it arrives exactly 120 days after, it’ll be streaming from September 30th, 2023.
​
With that said, given how big this movie is, we may see it release a few weeks after the fact. Either way, we expect the movie to be available between late September and November 2023.
​
​
​
Will Spider-Man: Across the Spider-Verse Be Streaming On Netflix?
​
Yes, Spider-Man: Across the Spider-Verse is coming to Netflix approximately in December 2023.
​
In 2021, Sony and Netflix signed a five-year deal that gave the latter exclusive first-pay-window U.S. streaming rights for Sony Pictures titles after their theatrical and home entertainment windows. Fans can expect to watch Spider-Man: Across the Spider-Verse on Netflix six months after the film’s theatrical release, thus in December 2023. The date seems reasonable considering that Spider-Man: Into the Spider-Verse dropped on Netflix on June 26, 2019, six months after its U.S. release on December 14, 2018. The pay-one window usually begins about nine months after a film’s theatrical release, but it might start earlier in particular cases.
​
​
​
Will Spider-Man: Across the Spider-Verse Be On HBO Max?
​
No, Spider-Man: Across the Spider-Verse will not be on HBO Max since it’s not a Universal Pictures movie. Last year, the company released its films in theaters and on the streamer on the same day. However, they now allow a 45-day window between the theatrical release and the streaming release.
​
​
​
Will Spider-Man: Across the Spider-Verse Be Streaming On Disney+?
​
Yes, Spider-Man: Across the Spider-Verse is also coming to Disney Plus approximately in 2025.
​
​
​
Once the pay-one window runs its time and Netflix’s exclusive rights expire, Spider-Man: Across the Spider-Verse will be available on Disney Plus. The pay-one window might last as long as 18 months, which means it will be a while before Disney Plus subscribers can watch the much-anticipated sequel. Unlike in other countries, Spider-Man: Into the Spider-Verse isn’t yet available on the Disney-owned streamer in the U.S.
​
American fans will have to wait until 2024 to watch Spider-Man: Into the Spider-Verse and at least until 2025 for its sequel. We will update this post once there is an official Spider-Man: Across the Spider-Verse Disney Plus release date.
​
​
​
Is Spider-Man: Across the Spider-Verse Available On Hulu?
​
Viewers are saying that they want to view the new Marvel's animation movie Spider-Man: Across the Spider-Verse on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. It will be exclusive to the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.
​
​
​
How to Watch Spider-Man: Across the Spider-Verse Online For Free?
​
Most Viewed, Most Favorite, Top Rating, Top IMDb movies online. Here we can download and watch 123movies movies offline. 123Movies website is the best alternative to Spider-Man: Across the Spider-Verse (2023) free online. We will recommend 123Movies is the best Solarmovie alternatives.
​
There are a few ways to watch Spider-Man: Across the Spider-Verse online in the U.S. You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. You can also watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.
​
​
​
When Will Spider-Man: Across the Spider-Verse Be on DVD and Blu-ray?
​
Spider-Man: Across the Spider-Verse will likely be coming to DVD and Blu-ray around the same time as the streaming release. With theatrical films, on average, coming to streaming sooner than ever (usually ninety days after theatrical release), we'll likely see Spider-Man: Across the Spider-Verse get a DVD, and Blu-ray release no later than Fall 2023.
​
​
​
Spider-Man: Across the Spider-Verse Cast and Characters
​
Spider-Man: Across the Spider-Verse was written by Dave Callaham, Phil Lord and Chris Miller and directed by Joaquim Dos Santos, Kemp Powers and Justin K. Thompson. It stars the following actors:
​
​
​
The following cast members are confirmed to provide their voice talents for Spider-Man: Across the Spider-Verse.
​
​
​
Shameik Moore as Miles Morales / Spider-Man
​
Hailee Steinfeld as Gwen Stacy / Spider-Woman
​
Brian Tyree Henry as Jefferson Davis
​
Luna Lauren Vélez as Rio Morales
​
Jake Johnson as Peter B. Parker / Spider-Man
​
Jason Schwartzman as Jonathan Ohnn / the Spot
​
Issa Rae as Jessica Drew / Spider-Woman
​
Karan Soni as Pavitr Prabhakar / Spider-Man India
​
Daniel Kaluuya as Hobart “Hobie” Brown / Spider-Punk
​
Oscar Isaac as Miguel O’Hara / Spider-Man 2099
​
Greta Lee as Lyla
​
Rachel Dratch as the school counsellor
​
Jorma Taccone as Vulture
​
Shea Whigham as George Stacy
​
Andy Samberg as Ben Reilly / Scarlet Spider
​
​
​
What is Spider-Man: Across the Spider-Verse About?
​
Returning with many of your favorite characters, including Gwen Stacy/Spider-Woman, Peter B. ParkeSpider-Man, and of course Miles Morales as our primary Spider-Man, Spider-Man: Across the Spider-Verse is set one year after the events of the previous film. Miles (Shameik Moore) is coming into his own as Spider-Man when he is unexpectedly approached by Spider-Gwen (Hailee Steinfeld) with an extraordinary opportunity. Does Miles want to help a team of Spider-People, led by Spider-Man 2099 (Oscar Isaac) protect the multiverse from the terrifying threat of a man known as The Spot (Jason Schwartzman)?
​
Obviously, Miles is going to say yes, setting him up for an adventure that will expand this movie’s concept of the multiverse in every possible way. Spider-Man: Across the Spider-Verse promises tons of new characters and worlds, without losing sight of what people have come to love about this particular Spider-franchise.
​
Miles Morales has become a massively popular Spider-Man, and you can be certain he’ll be at the center of Spider-Man: Across the Spider-Verse’s chaotic blend of action, comedy, comic book aesthetics, and large-scale science fiction. It seems more likely than not that Across the Spider-Verse will be the biggest animated release of 2023.

Animated Film! Here are options for downloading or watching Spider-Man: Across the Spider-Verse streaming the full movie online for free on 123movies & Reddit, including where to watch Miles Morales's latest adventure movies at home. Is Spider-Man: Across the Spider-Verse 2023 available to stream? Is watching Spider-Man: Across the Spider-Verse on Netflix, HBO Max, Disney Plus, Peacock, or Amazon Prime? Yes, we have found an authentic streaming option/service. Watch Spider-Man: Across the Spider-Verse Online Free 720p, 1080p, And 4K.
🔴Watch🔴➡Spider-Man: Across the Spider-Verse Free
🔴Watch🔴➡Spider-Man: Across the Spider-Verse Free
Miles Morales returns for the next chapter of the Oscar winning Spider-Verse saga, Spider-Man: Across the Spider-Verse. After reuniting with Gwen Stacy, Brooklyn’s full-time, friendly neighborhood Spider-Man is catapulted across the Multiverse, where he encounters the Spider Society, a team of Spider-People charged with protecting the Multiverse’s very existence. But when the heroes clash on how to handle a new threat, Miles finds himself pitted against the other Spiders and must set out on his own to save those he loves most. Anyone can wear the mask – it’s how you wear it that makes you a hero.
​
After a grueling five-year-long wait, Marvel fans everywhere will finally be able to return to the animated multiverse with Spider-Man: Across the Spider-Verse. The upcoming sequel's predecessor requires no explanation, as Spider-Man: Into the Spider-Verse not only ensnared audiences and critics alike but also caught a prestigious Oscar win with a Best Animated Feature award. With "New York's one and only Spider-Man," Miles Morales (Shameik Moore), now becoming a household name, fans of the first film eagerly awaited the day they could see young Miles swing into the Spider-Verse again.
​
Thankfully, the wait is almost finally over, as Spider-Man: Across the Spider-Verse will return to screens soon. This time Miles will not only be reunited with Gwen Stacey (Hailee Steinfeld) and Peter B. Parker (Jake Johnson) but he'll also be introduced to an entire multiversal society of Spider-people created and led by a particularly pessimistic variant of Spider-Man 2099 (Oscar Isaac). Though some of the other variants in this secretive organization view Miles as a nuisance more than anything else, they'll have to learn to put those apprehensions aside if they hope to save the multiverse from an all-new terrifying threat. As the release date for the sequel to one of the most celebrated Spider-Man films ever made crawls closer and closer, here is precisely where and how you can watch Spider-Man: Across the Spider-Verse when it premieres this Summer.
​
If you’re like just about everyone else on the planet who saw Spider-Man: Into the Spider-Verse in 2018 and loved it, you’ve probably been waiting for the sequel. You won’t be waiting long, as Spider-Man: Across the Spider-Verse is finally coming out in 2023, a full five years later. It’s been a long wait but by all indications the film is going to be a blast for fans of comic book movies, Miles Morales’ version of Spider-Man, and this new animated franchise featuring the iconic webslinger.
​
Spider-Man: Across the Spider-Verse is one of the most highly anticipated animated superhero films of 2023. Serving as a sequel to the critically acclaimed Spider-Man: Into the Spider-Verse (2018), this upcoming installment promises to continue the exhilarating adventures of the Spider-Verse. Fans from all around the globe are eagerly awaiting its release. In this article, we will provide you with all the essential information on the film's release date and how to watch it online from any country, ensuring you don't miss out on this exciting cinematic experience.
​
This is especially true for many superhero films, which are often tied directly to specific streaming services. Disney+ and HBO Max - now rebranded as MAX - often house the new streaming releases for the MCU and DCU respectively, usually releasing anywhere between 1–3 months after theatrical release. However, with a film like Spider-Man: Across the Spider-Verse, the situation is slightly different given Sony's lack of a dedicated streaming service, here's where to watch and stream Spider-Man: Across the Spider-Verse online.
​
​
​
When Is the Release Date for Spider-Man: Across the Spider-Verse?
​
When Is the Release Date for Spider-Man: Across thMiles, Gwen, Peter, and several dozen other Spider-people will be swinging into action when Spider-Man: Across the Spider-Verse premieres on Friday, June 2nd, 2023. This almost undoubtedly gives Guardians of the Galaxy Vol. 3 and The Flash a run for their money as the biggest superhero movie event of the Summer. Spider-Verse?
​
Spider-Man: Across the Spider-Verse had its world premiere at the Regency Village Theatre on May 30, 2023, and is scheduled for theatrical release in the United States on June 2, delayed from an initial October 2022 date because of the COVID-19 pandemic.
​
​
​
Where To Watch Spider-Man: Across the Spider-Verse Online:
​
As of now, the only way to watch Spider-Man: Across the Spider-Verse is to head out to a movie theater when it premieres on June 2, 2023. You can find a local showing on Fandango.
​
Otherwise, you’ll just have to wait for it to become available to rent or purchase on digital platforms like Amazon, Vudu, YouTube or Apple, or become available to stream on Netflix.
​
​
​
How to Watch Spider-Man: Across the Spider-Verse
​
There's been no official announcement regarding Spider-Man: Across the Spider-Verse's streaming release date, though we know it will eventually be released on Netflix, rather than Disney+ or HBO Max.
​
In terms of which of the streaming giants Spider-Man: Across the Spider-Verse will be released on, Netflix will house the film upon its streaming debut. While again, Sony does not have its own dedicated streaming service, a deal was struck in 2021 between the studio and Netflix. The deal, stating that Netflix would stream Sony's films after theatrical release, was penned for 5 years meaning Across the Spider-Verse is part of the arrangement.
​
While Sony's Spider-Man content is also streaming on Disney+, due to the collaborations between Sony and Marvel Studios in recent years, Across the Spider-Verse will be a Netflix release. While the deal struck between Marvel Studios and Sony may extend to this film, Disney+ is only allowed to begin streaming Sony's Spider-Man releases upon their release on Netflix. As a result, Netflix will be the first streaming service that Spider-Man: Across the Spider-Verse will be available on after its theatrical release.
​
Because it’s airing on FX, you can of course fire up Into the Spider-Verse via FX Now. But in addition, the animated flick is streaming on both fubo (which offers a free trial and has cord-cutting plans starting at $74.99/month; sign up here) and DirecTV (which also offers a free trial and has cord-cutting plans starting at $64.99/month.
​
​
​
Is Spider-Man: Across the Spider-Verse in Theaters?
​
Not only was Spider-Man: Into the Spider-Verse the subject of rave reviews, but it also pulled in some gargantuan levels of cash at the international box office, with a final tally that quadrupled the film's ninety-million dollar budget. With incredible success like that, it's only natural that Spider-Man: Across the Spider-Verse would also be taking advantage of a theatrical release. That is the case, as the upcoming film will be exclusively available in theaters when it premieres on June 2nd, 2023.
​
​
​
When Will Spider-Man: Across the Spider-Verse Be on Streaming?
​
The Spider-Man franchise is in a pretty interesting place regarding streaming. The various films of Sony's franchise have typically been scattered across multiple services. That said, following a historic deal between Sony and Disney, the many stories of Peter Parker and beyond are now available on Disney+. This includes the original Sam Raimi trilogy, the first Amazing Spider-Man film, and, starting mid-May, Spider-Man: Homecoming and Venom. Notably absent from the Disney-streaming platform so far are The Amazing Spider-Man 2, Spider-Man: Far From Home, Venom: Let There Be Carnage, Spider-Man: No Way Home, Morbius, and most significant of all, Spider-Man: Into the Spider-Verse.
​
Some of the films are not currently available on the service because Sony has pre-existing partnerships with Starz, as that's where most of the absent films are available to stream. That is except for Spider-Man: Into the Spider-Verse, which is instead only streaming on Fubo TV and FX Now.
​
If Spider-Man: Into the Spider-Verse comes to Disney+ before Spider-Man: Across the Spider-Verse's theatrical run concludes, that would make the House of Mouse's service a likely contender for a streaming release. However, Sony has also historically partnered with Netflix for streaming releases. Up until recently, that's where Spider-Man: Into the Spider-Verse was available to stream, and Sony still brings their other big releases to the service, like Bullet Train and The Woman King.
​
​
​
When will Spider-Man: Across the Spider-Verse be streaming on Netflix?
​
Sony Animation’s big new Spider-Man movie is about to hit theaters and will be headed to Netflix (at least in the United States) later this year. For a prediction as to when and a bit more about the new movie, here’s what you need to know.
​
As we covered in 2021, Spider-Man: Across the Spider-Verse will be headed to Netflix as the service gets both Sony’s animation and live-action content via a first window deal struck in April 2021.
​
The deal stipulates that all Sony theatrical movies come to Netflix in the first window, which at a minimum, is 120 days after its theatrical release date. If it arrives exactly 120 days after, it’ll be streaming from September 30th, 2023.
​
With that said, given how big this movie is, we may see it release a few weeks after the fact. Either way, we expect the movie to be available between late September and November 2023.
​
​
​
Will Spider-Man: Across the Spider-Verse Be Streaming On Netflix?
​
Yes, Spider-Man: Across the Spider-Verse is coming to Netflix approximately in December 2023.
​
In 2021, Sony and Netflix signed a five-year deal that gave the latter exclusive first-pay-window U.S. streaming rights for Sony Pictures titles after their theatrical and home entertainment windows. Fans can expect to watch Spider-Man: Across the Spider-Verse on Netflix six months after the film’s theatrical release, thus in December 2023. The date seems reasonable considering that Spider-Man: Into the Spider-Verse dropped on Netflix on June 26, 2019, six months after its U.S. release on December 14, 2018. The pay-one window usually begins about nine months after a film’s theatrical release, but it might start earlier in particular cases.
​
​
​
Will Spider-Man: Across the Spider-Verse Be On HBO Max?
​
No, Spider-Man: Across the Spider-Verse will not be on HBO Max since it’s not a Universal Pictures movie. Last year, the company released its films in theaters and on the streamer on the same day. However, they now allow a 45-day window between the theatrical release and the streaming release.
​
​
​
Will Spider-Man: Across the Spider-Verse Be Streaming On Disney+?
​
Yes, Spider-Man: Across the Spider-Verse is also coming to Disney Plus approximately in 2025.
​
​
​
Once the pay-one window runs its time and Netflix’s exclusive rights expire, Spider-Man: Across the Spider-Verse will be available on Disney Plus. The pay-one window might last as long as 18 months, which means it will be a while before Disney Plus subscribers can watch the much-anticipated sequel. Unlike in other countries, Spider-Man: Into the Spider-Verse isn’t yet available on the Disney-owned streamer in the U.S.
​
American fans will have to wait until 2024 to watch Spider-Man: Into the Spider-Verse and at least until 2025 for its sequel. We will update this post once there is an official Spider-Man: Across the Spider-Verse Disney Plus release date.
​
​
​
Is Spider-Man: Across the Spider-Verse Available On Hulu?
​
Viewers are saying that they want to view the new Marvel's animation movie Spider-Man: Across the Spider-Verse on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. It will be exclusive to the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.
​
​
​
How to Watch Spider-Man: Across the Spider-Verse Online For Free?
​
Most Viewed, Most Favorite, Top Rating, Top IMDb movies online. Here we can download and watch 123movies movies offline. 123Movies website is the best alternative to Spider-Man: Across the Spider-Verse (2023) free online. We will recommend 123Movies is the best Solarmovie alternatives.
​
There are a few ways to watch Spider-Man: Across the Spider-Verse online in the U.S. You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. You can also watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.
​
​
​
When Will Spider-Man: Across the Spider-Verse Be on DVD and Blu-ray?
​
Spider-Man: Across the Spider-Verse will likely be coming to DVD and Blu-ray around the same time as the streaming release. With theatrical films, on average, coming to streaming sooner than ever (usually ninety days after theatrical release), we'll likely see Spider-Man: Across the Spider-Verse get a DVD, and Blu-ray release no later than Fall 2023.
​
​
​
Spider-Man: Across the Spider-Verse Cast and Characters
​
Spider-Man: Across the Spider-Verse was written by Dave Callaham, Phil Lord and Chris Miller and directed by Joaquim Dos Santos, Kemp Powers and Justin K. Thompson. It stars the following actors:
​
​
​
The following cast members are confirmed to provide their voice talents for Spider-Man: Across the Spider-Verse.
​
​
​
Shameik Moore as Miles Morales / Spider-Man
​
Hailee Steinfeld as Gwen Stacy / Spider-Woman
​
Brian Tyree Henry as Jefferson Davis
​
Luna Lauren Vélez as Rio Morales
​
Jake Johnson as Peter B. Parker / Spider-Man
​
Jason Schwartzman as Jonathan Ohnn / the Spot
​
Issa Rae as Jessica Drew / Spider-Woman
​
Karan Soni as Pavitr Prabhakar / Spider-Man India
​
Daniel Kaluuya as Hobart “Hobie” Brown / Spider-Punk
​
Oscar Isaac as Miguel O’Hara / Spider-Man 2099
​
Greta Lee as Lyla
​
Rachel Dratch as the school counsellor
​
Jorma Taccone as Vulture
​
Shea Whigham as George Stacy
​
Andy Samberg as Ben Reilly / Scarlet Spider
​
​
​
What is Spider-Man: Across the Spider-Verse About?
​
Returning with many of your favorite characters, including Gwen Stacy/Spider-Woman, Peter B. ParkeSpider-Man, and of course Miles Morales as our primary Spider-Man, Spider-Man: Across the Spider-Verse is set one year after the events of the previous film. Miles (Shameik Moore) is coming into his own as Spider-Man when he is unexpectedly approached by Spider-Gwen (Hailee Steinfeld) with an extraordinary opportunity. Does Miles want to help a team of Spider-People, led by Spider-Man 2099 (Oscar Isaac) protect the multiverse from the terrifying threat of a man known as The Spot (Jason Schwartzman)?
​
Obviously, Miles is going to say yes, setting him up for an adventure that will expand this movie’s concept of the multiverse in every possible way. Spider-Man: Across the Spider-Verse promises tons of new characters and worlds, without losing sight of what people have come to love about this particular Spider-franchise.
​
Miles Morales has become a massively popular Spider-Man, and you can be certain he’ll be at the center of Spider-Man: Across the Spider-Verse’s chaotic blend of action, comedy, comic book aesthetics, and large-scale science fiction. It seems more likely than not that Across the Spider-Verse will be the biggest animated release of 2023.us

Animated Film! Here are options for downloading or watching Spider-Man: Across the Spider-Verse streaming the full movie online for free on 123movies & Reddit, including where to watch Miles Morales's latest adventure movies at home. Is Spider-Man: Across the Spider-Verse 2023 available to stream? Is watching Spider-Man: Across the Spider-Verse on Netflix, HBO Max, Disney Plus, Peacock, or Amazon Prime? Yes, we have found an authentic streaming option/service. Watch Spider-Man: Across the Spider-Verse Online Free 720p, 1080p, And 4K.
​

🔴Watch🔴➡Spider-Man: Across the Spider-Verse Free

Miles Morales returns for the next chapter of the Oscar winning Spider-Verse saga, Spider-Man: Across the Spider-Verse. After reuniting with Gwen Stacy, Brooklyn’s full-time, friendly neighborhood Spider-Man is catapulted across the Multiverse, where he encounters the Spider Society, a team of Spider-People charged with protecting the Multiverse’s very existence. But when the heroes clash on how to handle a new threat, Miles finds himself pitted against the other Spiders and must set out on his own to save those he loves most. Anyone can wear the mask – it’s how you wear it that makes you a hero.
​
After a grueling five-year-long wait, Marvel fans everywhere will finally be able to return to the animated multiverse with Spider-Man: Across the Spider-Verse. The upcoming sequel's predecessor requires no explanation, as Spider-Man: Into the Spider-Verse not only ensnared audiences and critics alike but also caught a prestigious Oscar win with a Best Animated Feature award. With "New York's one and only Spider-Man," Miles Morales (Shameik Moore), now becoming a household name, fans of the first film eagerly awaited the day they could see young Miles swing into the Spider-Verse again.
​
Thankfully, the wait is almost finally over, as Spider-Man: Across the Spider-Verse will return to screens soon. This time Miles will not only be reunited with Gwen Stacey (Hailee Steinfeld) and Peter B. Parker (Jake Johnson) but he'll also be introduced to an entire multiversal society of Spider-people created and led by a particularly pessimistic variant of Spider-Man 2099 (Oscar Isaac). Though some of the other variants in this secretive organization view Miles as a nuisance more than anything else, they'll have to learn to put those apprehensions aside if they hope to save the multiverse from an all-new terrifying threat. As the release date for the sequel to one of the most celebrated Spider-Man films ever made crawls closer and closer, here is precisely where and how you can watch Spider-Man: Across the Spider-Verse when it premieres this Summer.
​
If you’re like just about everyone else on the planet who saw Spider-Man: Into the Spider-Verse in 2018 and loved it, you’ve probably been waiting for the sequel. You won’t be waiting long, as Spider-Man: Across the Spider-Verse is finally coming out in 2023, a full five years later. It’s been a long wait but by all indications the film is going to be a blast for fans of comic book movies, Miles Morales’ version of Spider-Man, and this new animated franchise featuring the iconic webslinger.
​
Spider-Man: Across the Spider-Verse is one of the most highly anticipated animated superhero films of 2023. Serving as a sequel to the critically acclaimed Spider-Man: Into the Spider-Verse (2018), this upcoming installment promises to continue the exhilarating adventures of the Spider-Verse. Fans from all around the globe are eagerly awaiting its release. In this article, we will provide you with all the essential information on the film's release date and how to watch it online from any country, ensuring you don't miss out on this exciting cinematic experience.
​
This is especially true for many superhero films, which are often tied directly to specific streaming services. Disney+ and HBO Max - now rebranded as MAX - often house the new streaming releases for the MCU and DCU respectively, usually releasing anywhere between 1–3 months after theatrical release. However, with a film like Spider-Man: Across the Spider-Verse, the situation is slightly different given Sony's lack of a dedicated streaming service, here's where to watch and stream Spider-Man: Across the Spider-Verse online.
​
​
​
When Is the Release Date for Spider-Man: Across the Spider-Verse?
​
When Is the Release Date for Spider-Man: Across thMiles, Gwen, Peter, and several dozen other Spider-people will be swinging into action when Spider-Man: Across the Spider-Verse premieres on Friday, June 2nd, 2023. This almost undoubtedly gives Guardians of the Galaxy Vol. 3 and The Flash a run for their money as the biggest superhero movie event of the Summer. Spider-Verse?
​
Spider-Man: Across the Spider-Verse had its world premiere at the Regency Village Theatre on May 30, 2023, and is scheduled for theatrical release in the United States on June 2, delayed from an initial October 2022 date because of the COVID-19 pandemic.
​
​
​
Where To Watch Spider-Man: Across the Spider-Verse Online:
​
As of now, the only way to watch Spider-Man: Across the Spider-Verse is to head out to a movie theater when it premieres on June 2, 2023. You can find a local showing on Fandango.
​
Otherwise, you’ll just have to wait for it to become available to rent or purchase on digital platforms like Amazon, Vudu, YouTube or Apple, or become available to stream on Netflix.
​
​
​
How to Watch Spider-Man: Across the Spider-Verse
​
There's been no official announcement regarding Spider-Man: Across the Spider-Verse's streaming release date, though we know it will eventually be released on Netflix, rather than Disney+ or HBO Max.
​
In terms of which of the streaming giants Spider-Man: Across the Spider-Verse will be released on, Netflix will house the film upon its streaming debut. While again, Sony does not have its own dedicated streaming service, a deal was struck in 2021 between the studio and Netflix. The deal, stating that Netflix would stream Sony's films after theatrical release, was penned for 5 years meaning Across the Spider-Verse is part of the arrangement.
​
While Sony's Spider-Man content is also streaming on Disney+, due to the collaborations between Sony and Marvel Studios in recent years, Across the Spider-Verse will be a Netflix release. While the deal struck between Marvel Studios and Sony may extend to this film, Disney+ is only allowed to begin streaming Sony's Spider-Man releases upon their release on Netflix. As a result, Netflix will be the first streaming service that Spider-Man: Across the Spider-Verse will be available on after its theatrical release.
​
Because it’s airing on FX, you can of course fire up Into the Spider-Verse via FX Now. But in addition, the animated flick is streaming on both fubo (which offers a free trial and has cord-cutting plans starting at $74.99/month; sign up here) and DirecTV (which also offers a free trial and has cord-cutting plans starting at $64.99/month.
​
​
​
Is Spider-Man: Across the Spider-Verse in Theaters?
​
Not only was Spider-Man: Into the Spider-Verse the subject of rave reviews, but it also pulled in some gargantuan levels of cash at the international box office, with a final tally that quadrupled the film's ninety-million dollar budget. With incredible success like that, it's only natural that Spider-Man: Across the Spider-Verse would also be taking advantage of a theatrical release. That is the case, as the upcoming film will be exclusively available in theaters when it premieres on June 2nd, 2023.
​
​
​
When Will Spider-Man: Across the Spider-Verse Be on Streaming?
​
The Spider-Man franchise is in a pretty interesting place regarding streaming. The various films of Sony's franchise have typically been scattered across multiple services. That said, following a historic deal between Sony and Disney, the many stories of Peter Parker and beyond are now available on Disney+. This includes the original Sam Raimi trilogy, the first Amazing Spider-Man film, and, starting mid-May, Spider-Man: Homecoming and Venom. Notably absent from the Disney-streaming platform so far are The Amazing Spider-Man 2, Spider-Man: Far From Home, Venom: Let There Be Carnage, Spider-Man: No Way Home, Morbius, and most significant of all, Spider-Man: Into the Spider-Verse.
​
Some of the films are not currently available on the service because Sony has pre-existing partnerships with Starz, as that's where most of the absent films are available to stream. That is except for Spider-Man: Into the Spider-Verse, which is instead only streaming on Fubo TV and FX Now.
​
If Spider-Man: Into the Spider-Verse comes to Disney+ before Spider-Man: Across the Spider-Verse's theatrical run concludes, that would make the House of Mouse's service a likely contender for a streaming release. However, Sony has also historically partnered with Netflix for streaming releases. Up until recently, that's where Spider-Man: Into the Spider-Verse was available to stream, and Sony still brings their other big releases to the service, like Bullet Train and The Woman King.
​
​
​
When will Spider-Man: Across the Spider-Verse be streaming on Netflix?
​
Sony Animation’s big new Spider-Man movie is about to hit theaters and will be headed to Netflix (at least in the United States) later this year. For a prediction as to when and a bit more about the new movie, here’s what you need to know.
​
As we covered in 2021, Spider-Man: Across the Spider-Verse will be headed to Netflix as the service gets both Sony’s animation and live-action content via a first window deal struck in April 2021.
​
The deal stipulates that all Sony theatrical movies come to Netflix in the first window, which at a minimum, is 120 days after its theatrical release date. If it arrives exactly 120 days after, it’ll be streaming from September 30th, 2023.
​
With that said, given how big this movie is, we may see it release a few weeks after the fact. Either way, we expect the movie to be available between late September and November 2023.
​
​
​
Will Spider-Man: Across the Spider-Verse Be Streaming On Netflix?
​
Yes, Spider-Man: Across the Spider-Verse is coming to Netflix approximately in December 2023.
​
In 2021, Sony and Netflix signed a five-year deal that gave the latter exclusive first-pay-window U.S. streaming rights for Sony Pictures titles after their theatrical and home entertainment windows. Fans can expect to watch Spider-Man: Across the Spider-Verse on Netflix six months after the film’s theatrical release, thus in December 2023. The date seems reasonable considering that Spider-Man: Into the Spider-Verse dropped on Netflix on June 26, 2019, six months after its U.S. release on December 14, 2018. The pay-one window usually begins about nine months after a film’s theatrical release, but it might start earlier in particular cases.
​
​
​
Will Spider-Man: Across the Spider-Verse Be On HBO Max?
​
No, Spider-Man: Across the Spider-Verse will not be on HBO Max since it’s not a Universal Pictures movie. Last year, the company released its films in theaters and on the streamer on the same day. However, they now allow a 45-day window between the theatrical release and the streaming release.
​
​
​
Will Spider-Man: Across the Spider-Verse Be Streaming On Disney+?
​
Yes, Spider-Man: Across the Spider-Verse is also coming to Disney Plus approximately in 2025.
​
​
​
Once the pay-one window runs its time and Netflix’s exclusive rights expire, Spider-Man: Across the Spider-Verse will be available on Disney Plus. The pay-one window might last as long as 18 months, which means it will be a while before Disney Plus subscribers can watch the much-anticipated sequel. Unlike in other countries, Spider-Man: Into the Spider-Verse isn’t yet available on the Disney-owned streamer in the U.S.
​
American fans will have to wait until 2024 to watch Spider-Man: Into the Spider-Verse and at least until 2025 for its sequel. We will update this post once there is an official Spider-Man: Across the Spider-Verse Disney Plus release date.
​
​
​
Is Spider-Man: Across the Spider-Verse Available On Hulu?
​
Viewers are saying that they want to view the new Marvel's animation movie Spider-Man: Across the Spider-Verse on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. It will be exclusive to the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.
​
​
​
How to Watch Spider-Man: Across the Spider-Verse Online For Free?
​
Most Viewed, Most Favorite, Top Rating, Top IMDb movies online. Here we can download and watch 123movies movies offline. 123Movies website is the best alternative to Spider-Man: Across the Spider-Verse (2023) free online. We will recommend 123Movies is the best Solarmovie alternatives.
​
There are a few ways to watch Spider-Man: Across the Spider-Verse online in the U.S. You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. You can also watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.
​
​
​
When Will Spider-Man: Across the Spider-Verse Be on DVD and Blu-ray?
​
Spider-Man: Across the Spider-Verse will likely be coming to DVD and Blu-ray around the same time as the streaming release. With theatrical films, on average, coming to streaming sooner than ever (usually ninety days after theatrical release), we'll likely see Spider-Man: Across the Spider-Verse get a DVD, and Blu-ray release no later than Fall 2023.
​
​
​
Spider-Man: Across the Spider-Verse Cast and Characters
​
Spider-Man: Across the Spider-Verse was written by Dave Callaham, Phil Lord and Chris Miller and directed by Joaquim Dos Santos, Kemp Powers and Justin K. Thompson. It stars the following actors:
​
​
​
The following cast members are confirmed to provide their voice talents for Spider-Man: Across the Spider-Verse.
​
​
​
Shameik Moore as Miles Morales / Spider-Man
​
Hailee Steinfeld as Gwen Stacy / Spider-Woman
​
Brian Tyree Henry as Jefferson Davis
​
Luna Lauren Vélez as Rio Morales
​
Jake Johnson as Peter B. Parker / Spider-Man
​
Jason Schwartzman as Jonathan Ohnn / the Spot
​
Issa Rae as Jessica Drew / Spider-Woman
​
Karan Soni as Pavitr Prabhakar / Spider-Man India
​
Daniel Kaluuya as Hobart “Hobie” Brown / Spider-Punk
​
Oscar Isaac as Miguel O’Hara / Spider-Man 2099
​
Greta Lee as Lyla
​
Rachel Dratch as the school counsellor
​
Jorma Taccone as Vulture
​
Shea Whigham as George Stacy
​
Andy Samberg as Ben Reilly / Scarlet Spider
​
​
​
What is Spider-Man: Across the Spider-Verse About?
​
Returning with many of your favorite characters, including Gwen Stacy/Spider-Woman, Peter B. ParkeSpider-Man, and of course Miles Morales as our primary Spider-Man, Spider-Man: Across the Spider-Verse is set one year after the events of the previous film. Miles (Shameik Moore) is coming into his own as Spider-Man when he is unexpectedly approached by Spider-Gwen (Hailee Steinfeld) with an extraordinary opportunity. Does Miles want to help a team of Spider-People, led by Spider-Man 2099 (Oscar Isaac) protect the multiverse from the terrifying threat of a man known as The Spot (Jason Schwartzman)?
​
Obviously, Miles is going to say yes, setting him up for an adventure that will expand this movie’s concept of the multiverse in every possible way. Spider-Man: Across the Spider-Verse promises tons of new characters and worlds, without losing sight of what people have come to love about this particular Spider-franchise.
​
Miles Morales has become a massively popular Spider-Man, and you can be certain he’ll be at the center of Spider-Man: Across the Spider-Verse’s chaotic blend of action, comedy, comic book aesthetics, and large-scale science fiction. It seems more likely than not that Across the Spider-Verse will be the biggest animated release of 2023.sdf

‘Spider-Man: Across the Spider-Verse’ is finally on Reddit. Find how to watch Miles Morales's highly anticipated animated superhero film Spider-Man: Across the Spider-Verse online for free.

Watch: Spider-Man Across the Spider-Verse Full Movie Free

Link: https://cracklehdtv.com/en/movie/569094/spider-man-across-the-spider-verse
‘Spider-Man: Across the Spider-Verse’ is finally here. Find how to watch Miles Morales's highly anticipated animated superhero film Spider-Man: Across the Spider-Verse online for free.
Animated Film! Here are options for downloading or watching Spider-Man: Across the Spider-Verse streaming the full movie online for free on 123movies & Reddit, including where to watch Miles Morales's latest adventure movies at home. Is Spider-Man: Across the Spider-Verse 2023 available to stream? Is watching Spider-Man: Across the Spider-Verse on Netflix, HBO Max, Disney Plus, Peacock, or Amazon Prime? Yes, we have found an authentic streaming option/service.

Watch Now: Spider-Man: Across the Spider-Verse (2023) Online Free

Miles Morales returns for the next chapter of the Oscar winning Spider-Verse saga, Spider-Man: Across the Spider-Verse. After reuniting with Gwen Stacy, Brooklyn’s full-time, friendly neighborhood Spider-Man is catapulted across the Multiverse, where he encounters the Spider Society, a team of Spider-People charged with protecting the Multiverse’s very existence. But when the heroes clash on how to handle a new threat, Miles finds himself pitted against the other Spiders and must set out on his own to save those he loves most. Anyone can wear the mask – it’s how you wear it that makes you a hero.
After a grueling five-year-long wait, Marvel fans everywhere will finally be able to return to the animated multiverse with Spider-Man: Across the Spider-Verse. The upcoming sequel's predecessor requires no explanation, as Spider-Man: Into the Spider-Verse not only ensnared audiences and critics alike but also caught a prestigious Oscar win with a Best Animated Feature award. With "New York's one and only Spider-Man," Miles Morales (Shameik Moore), now becoming a household name, fans of the first film eagerly awaited the day they could see young Miles swing into the Spider-Verse again.
Thankfully, the wait is almost finally over, as Spider-Man: Across the Spider-Verse will return to screens soon. This time Miles will not only be reunited with Gwen Stacey (Hailee Steinfeld) and Peter B. Parker (Jake Johnson) but he'll also be introduced to an entire multiversal society of Spider-people created and led by a particularly pessimistic variant of Spider-Man 2099 (Oscar Isaac). Though some of the other variants in this secretive organization view Miles as a nuisance more than anything else, they'll have to learn to put those apprehensions aside if they hope to save the multiverse from an all-new terrifying threat. As the release date for the sequel to one of the most celebrated Spider-Man films ever made crawls closer and closer, here is precisely where and how you can watch Spider-Man: Across the Spider-Verse when it premieres this Summer.
If you’re like just about everyone else on the planet who saw Spider-Man: Into the Spider-Verse in 2018 and loved it, you’ve probably been waiting for the sequel. You won’t be waiting long, as Spider-Man: Across the Spider-Verse is finally coming out in 2023, a full five years later. It’s been a long wait but by all indications the film is going to be a blast for fans of comic book movies, Miles Morales’ version of Spider-Man, and this new animated franchise featuring the iconic webslinger.
Spider-Man: Across the Spider-Verse is one of the most highly anticipated animated superhero films of 2023. Serving as a sequel to the critically acclaimed Spider-Man: Into the Spider-Verse (2018), this upcoming installment promises to continue the exhilarating adventures of the Spider-Verse. Fans from all around the globe are eagerly awaiting its release. In this article, we will provide you with all the essential information on the film's release date and how to watch it online from any country, ensuring you don't miss out on this exciting cinematic experience.
This is especially true for many superhero films, which are often tied directly to specific streaming services. Disney+ and HBO Max - now rebranded as MAX - often house the new streaming releases for the MCU and DCU respectively, usually releasing anywhere between 1–3 months after theatrical release. However, with a film like Spider-Man: Across the Spider-Verse, the situation is slightly different given Sony's lack of a dedicated streaming service, here's where to watch and stream Spider-Man: Across the Spider-Verse online.

When Is the Release Date for Spider-Man: Across the Spider-Verse?

When Is the Release Date for Spider-Man: Across thMiles, Gwen, Peter, and several dozen other Spider-people will be swinging into action when Spider-Man: Across the Spider-Verse premieres on Friday, June 2nd, 2023. This almost undoubtedly gives Guardians of the Galaxy Vol. 3 and The Flash a run for their money as the biggest superhero movie event of the Summer. Spider-Verse?
Spider-Man: Across the Spider-Verse had its world premiere at the Regency Village Theatre on May 30, 2023, and is scheduled for theatrical release in the United States on June 2, delayed from an initial October 2022 date because of the COVID-19 pandemic.
Where To Watch Spider-Man: Across the Spider-Verse Online: As of now, the only way to watch Spider-Man: Across the Spider-Verse is to head out to a movie theater when it premieres on June 2, 2023. You can find a local showing on Fandango.

Watch Now: Spider-Man: Across the Spider-Verse (2023) Movie Online Free

Otherwise, you’ll just have to wait for it to become available to rent or purchase on digital platforms like Amazon, Vudu, YouTube or Apple, or become available to stream on Netflix.

How to Watch Spider-Man: Across the Spider-Verse

There's been no official announcement regarding Spider-Man: Across the Spider-Verse's streaming release date, though we know it will eventually be released on Netflix, rather than Disney+ or HBO Max.
In terms of which of the streaming giants Spider-Man: Across the Spider-Verse will be released on, Netflix will house the film upon its streaming debut. While again, Sony does not have its own dedicated streaming service, a deal was struck in 2021 between the studio and Netflix. The deal, stating that Netflix would stream Sony's films after theatrical release, was penned for 5 years meaning Across the Spider-Verse is part of the arrangement.
While Sony's Spider-Man content is also streaming on Disney+, due to the collaborations between Sony and Marvel Studios in recent years, Across the Spider-Verse will be a Netflix release. While the deal struck between Marvel Studios and Sony may extend to this film, Disney+ is only allowed to begin streaming Sony's Spider-Man releases upon their release on Netflix. As a result, Netflix will be the first streaming service that Spider-Man: Across the Spider-Verse will be available on after its theatrical release.
Because it’s airing on FX, you can of course fire up Into the Spider-Verse via FX Now. But in addition, the animated flick is streaming on both fubo (which offers a free trial and has cord-cutting plans starting at $74.99/month; sign up here) and DirecTV (which also offers a free trial and has cord-cutting plans starting at $64.99/month.

Is Spider-Man: Across the Spider-Verse in Theaters?

Not only was Spider-Man: Into the Spider-Verse the subject of rave reviews, but it also pulled in some gargantuan levels of cash at the international box office, with a final tally that quadrupled the film's ninety-million dollar budget. With incredible success like that, it's only natural that Spider-Man: Across the Spider-Verse would also be taking advantage of a theatrical release. That is the case, as the upcoming film will be exclusively available in theaters when it premieres on June 2nd, 2023.

When Will Spider-Man: Across the Spider-Verse Be on Streaming?

The Spider-Man franchise is in a pretty interesting place regarding streaming. The various films of Sony's franchise have typically been scattered across multiple services. That said, following a historic deal between Sony and Disney, the many stories of Peter Parker and beyond are now available on Disney+. This includes the original Sam Raimi trilogy, the first Amazing Spider-Man film, and, starting mid-May, Spider-Man: Homecoming and Venom. Notably absent from the Disney-streaming platform so far are The Amazing Spider-Man 2, Spider-Man: Far From Home, Venom: Let There Be Carnage, Spider-Man: No Way Home, Morbius, and most significant of all, Spider-Man: Into the Spider-Verse.
Some of the films are not currently available on the service because Sony has pre-existing partnerships with Starz, as that's where most of the absent films are available to stream. That is except for Spider-Man: Into the Spider-Verse, which is instead only streaming on Fubo TV and FX Now.
If Spider-Man: Into the Spider-Verse comes to Disney+ before Spider-Man: Across the Spider-Verse's theatrical run concludes, that would make the House of Mouse's service a likely contender for a streaming release. However, Sony has also historically partnered with Netflix for streaming releases. Up until recently, that's where Spider-Man: Into the Spider-Verse was available to stream, and Sony still brings their other big releases to the service, like Bullet Train and The Woman King.

When will Spider-Man: Across the Spider-Verse be streaming on Netflix?

Sony Animation’s big new Spider-Man movie is about to hit theaters and will be headed to Netflix (at least in the United States) later this year. For a prediction as to when and a bit more about the new movie, here’s what you need to know.
As we covered in 2021, Spider-Man: Across the Spider-Verse will be headed to Netflix as the service gets both Sony’s animation and live-action content via a first window deal struck in April 2021.
The deal stipulates that all Sony theatrical movies come to Netflix in the first window, which at a minimum, is 120 days after its theatrical release date. If it arrives exactly 120 days after, it’ll be streaming from September 30th, 2023.
With that said, given how big this movie is, we may see it release a few weeks after the fact. Either way, we expect the movie to be available between late September and November 2023.

Will Spider-Man: Across the Spider-Verse Be Streaming On Netflix?

Yes, Spider-Man: Across the Spider-Verse is coming to Netflix approximately in December 2023.
In 2021, Sony and Netflix signed a five-year deal that gave the latter exclusive first-pay-window U.S. streaming rights for Sony Pictures titles after their theatrical and home entertainment windows. Fans can expect to watch Spider-Man: Across the Spider-Verse on Netflix six months after the film’s theatrical release, thus in December 2023. The date seems reasonable considering that Spider-Man: Into the Spider-Verse dropped on Netflix on June 26, 2019, six months after its U.S. release on December 14, 2018. The pay-one window usually begins about nine months after a film’s theatrical release, but it might start earlier in particular cases.

Will Spider-Man: Across the Spider-Verse Be On HBO Max?

No, Spider-Man: Across the Spider-Verse will not be on HBO Max since it’s not a Universal Pictures movie. Last year, the company released its films in theaters and on the streamer on the same day. However, they now allow a 45-day window between the theatrical release and the streaming release.

Will Spider-Man: Across the Spider-Verse Be Streaming On Disney+?

Yes, Spider-Man: Across the Spider-Verse is also coming to Disney Plus approximately in 2025.
Once the pay-one window runs its time and Netflix’s exclusive rights expire, Spider-Man: Across the Spider-Verse will be available on Disney Plus. The pay-one window might last as long as 18 months, which means it will be a while before Disney Plus subscribers can watch the much-anticipated sequel. Unlike in other countries, Spider-Man: Into the Spider-Verse isn’t yet available on the Disney-owned streamer in the U.S.
American fans will have to wait until 2024 to watch Spider-Man: Into the Spider-Verse and at least until 2025 for its sequel. We will update this post once there is an official Spider-Man: Across the Spider-Verse Disney Plus release date.

Is Spider-Man: Across the Spider-Verse Available On Hulu?

Viewers are saying that they want to view the new Marvel's animation movie Spider-Man: Across the Spider-Verse on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. It will be exclusive to the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.

How to Watch Spider-Man: Across the Spider-Verse Online For Free?

Most Viewed, Most Favorite, Top Rating, Top IMDb movies online. Here we can download and watch 123movies movies offline. 123Movies website is the best alternative to Spider-Man: Across the Spider-Verse (2023) free online. We will recommend 123Movies is the best Solarmovie alternatives.
There are a few ways to watch Spider-Man: Across the Spider-Verse online in the U.S. You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. You can also watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.

When Will Spider-Man: Across the Spider-Verse Be on DVD and Blu-ray?

Spider-Man: Across the Spider-Verse will likely be coming to DVD and Blu-ray around the same time as the streaming release. With theatrical films, on average, coming to streaming sooner than ever (usually ninety days after theatrical release), we'll likely see Spider-Man: Across the Spider-Verse get a DVD, and Blu-ray release no later than Fall 2023.

Spider-Man: Across the Spider-Verse Cast and Characters

Spider-Man: Across the Spider-Verse was written by Dave Callaham, Phil Lord and Chris Miller and directed by Joaquim Dos Santos, Kemp Powers and Justin K. Thompson. It stars the following actors:

The following cast members are confirmed to provide their voice talents for Spider-Man: Across the Spider-Verse.

• Shameik Moore as Miles Morales / Spider-Man
  
• Hailee Steinfeld as Gwen Stacy / Spider-Woman
  
• Brian Tyree Henry as Jefferson Davis
  
• Luna Lauren Vélez as Rio Morales
  
• Jake Johnson as Peter B. Parker / Spider-Man
  
• Jason Schwartzman as Jonathan Ohnn / the Spot
  
• Issa Rae as Jessica Drew / Spider-Woman
  
• Karan Soni as Pavitr Prabhakar / Spider-Man India
  
• Daniel Kaluuya as Hobart “Hobie” Brown / Spider-Punk
  
• Oscar Isaac as Miguel O’Hara / Spider-Man 2099
  
• Greta Lee as Lyla
  
• Rachel Dratch as the school counsellor
  
• Jorma Taccone as Vulture
  
• Shea Whigham as George Stacy
  
• Andy Samberg as Ben Reilly / Scarlet Spider
  

What is Spider-Man: Across the Spider-Verse About?

Returning with many of your favorite characters, including Gwen Stacy/Spider-Woman, Peter B. ParkeSpider-Man, and of course Miles Morales as our primary Spider-Man, Spider-Man: Across the Spider-Verse is set one year after the events of the previous film. Miles (Shameik Moore) is coming into his own as Spider-Man when he is unexpectedly approached by Spider-Gwen (Hailee Steinfeld) with an extraordinary opportunity. Does Miles want to help a team of Spider-People, led by Spider-Man 2099 (Oscar Isaac) protect the multiverse from the terrifying threat of a man known as The Spot (Jason Schwartzman)?
Obviously, Miles is going to say yes, setting him up for an adventure that will expand this movie’s concept of the multiverse in every possible way. Spider-Man: Across the Spider-Verse promises tons of new characters and worlds, without losing sight of what people have come to love about this particular Spider-franchise.
Miles Morales has become a massively popular Spider-Man, and you can be certain he’ll be at the center of Spider-Man: Across the Spider-Verse’s chaotic blend of action, comedy, comic book aesthetics, and large-scale science fiction. It seems more likely than not that Across the Spider-Verse will be the biggest animated release of 2023.

26 Min ago - Animated Film! Here are options for downloading or watching Spider-Man: Across the Spider-Verse streaming the full movie online for free on 123movies & Reddit, including where to watch Miles Morales's latest adventure movies at home. Is Spider-Man: Across the Spider-Verse 2023 available to stream? Is watching Spider-Man: Across the Spider-Verse on Netflix, HBO Max, Disney Plus, Peacock, or Amazon Prime? Yes, we have found an authentic streaming option/service. Watch Spider-Man: Across the Spider-Verse Online Free 720p, 1080p, And 4K.
🎬Watch🎬➡Spider-Man: Across the Spider-Verse Free
Miles Morales returns for the next chapter of the Oscar winning Spider-Verse saga, Spider-Man: Across the Spider-Verse. After reuniting with Gwen Stacy, Brooklyn’s full-time, friendly neighborhood Spider-Man is catapulted across the Multiverse, where he encounters the Spider Society, a team of Spider-People charged with protecting the Multiverse’s very existence. But when the heroes clash on how to handle a new threat, Miles finds himself pitted against the other Spiders and must set out on his own to save those he loves most. Anyone can wear the mask – it’s how you wear it that makes you a hero.
​
After a grueling five-year-long wait, Marvel fans everywhere will finally be able to return to the animated multiverse with Spider-Man: Across the Spider-Verse. The upcoming sequel's predecessor requires no explanation, as Spider-Man: Into the Spider-Verse not only ensnared audiences and critics alike but also caught a prestigious Oscar win with a Best Animated Feature award. With "New York's one and only Spider-Man," Miles Morales (Shameik Moore), now becoming a household name, fans of the first film eagerly awaited the day they could see young Miles swing into the Spider-Verse again.
​
Thankfully, the wait is almost finally over, as Spider-Man: Across the Spider-Verse will return to screens soon. This time Miles will not only be reunited with Gwen Stacey (Hailee Steinfeld) and Peter B. Parker (Jake Johnson) but he'll also be introduced to an entire multiversal society of Spider-people created and led by a particularly pessimistic variant of Spider-Man 2099 (Oscar Isaac). Though some of the other variants in this secretive organization view Miles as a nuisance more than anything else, they'll have to learn to put those apprehensions aside if they hope to save the multiverse from an all-new terrifying threat. As the release date for the sequel to one of the most celebrated Spider-Man films ever made crawls closer and closer, here is precisely where and how you can watch Spider-Man: Across the Spider-Verse when it premieres this Summer.
​
If you’re like just about everyone else on the planet who saw Spider-Man: Into the Spider-Verse in 2018 and loved it, you’ve probably been waiting for the sequel. You won’t be waiting long, as Spider-Man: Across the Spider-Verse is finally coming out in 2023, a full five years later. It’s been a long wait but by all indications the film is going to be a blast for fans of comic book movies, Miles Morales’ version of Spider-Man, and this new animated franchise featuring the iconic webslinger.
​
Spider-Man: Across the Spider-Verse is one of the most highly anticipated animated superhero films of 2023. Serving as a sequel to the critically acclaimed Spider-Man: Into the Spider-Verse (2018), this upcoming installment promises to continue the exhilarating adventures of the Spider-Verse. Fans from all around the globe are eagerly awaiting its release. In this article, we will provide you with all the essential information on the film's release date and how to watch it online from any country, ensuring you don't miss out on this exciting cinematic experience.
​
This is especially true for many superhero films, which are often tied directly to specific streaming services. Disney+ and HBO Max - now rebranded as MAX - often house the new streaming releases for the MCU and DCU respectively, usually releasing anywhere between 1–3 months after theatrical release. However, with a film like Spider-Man: Across the Spider-Verse, the situation is slightly different given Sony's lack of a dedicated streaming service, here's where to watch and stream Spider-Man: Across the Spider-Verse online.
​
​
​
When Is the Release Date for Spider-Man: Across the Spider-Verse?
​
When Is the Release Date for Spider-Man: Across thMiles, Gwen, Peter, and several dozen other Spider-people will be swinging into action when Spider-Man: Across the Spider-Verse premieres on Friday, June 2nd, 2023. This almost undoubtedly gives Guardians of the Galaxy Vol. 3 and The Flash a run for their money as the biggest superhero movie event of the Summer. Spider-Verse?
​
Spider-Man: Across the Spider-Verse had its world premiere at the Regency Village Theatre on May 30, 2023, and is scheduled for theatrical release in the United States on June 2, delayed from an initial October 2022 date because of the COVID-19 pandemic.
​
​
​
Where To Watch Spider-Man: Across the Spider-Verse Online:
​
As of now, the only way to watch Spider-Man: Across the Spider-Verse is to head out to a movie theater when it premieres on June 2, 2023. You can find a local showing on Fandango.
​
Otherwise, you’ll just have to wait for it to become available to rent or purchase on digital platforms like Amazon, Vudu, YouTube or Apple, or become available to stream on Netflix.
​
​
​
How to Watch Spider-Man: Across the Spider-Verse
​
There's been no official announcement regarding Spider-Man: Across the Spider-Verse's streaming release date, though we know it will eventually be released on Netflix, rather than Disney+ or HBO Max.
​
In terms of which of the streaming giants Spider-Man: Across the Spider-Verse will be released on, Netflix will house the film upon its streaming debut. While again, Sony does not have its own dedicated streaming service, a deal was struck in 2021 between the studio and Netflix. The deal, stating that Netflix would stream Sony's films after theatrical release, was penned for 5 years meaning Across the Spider-Verse is part of the arrangement.
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While Sony's Spider-Man content is also streaming on Disney+, due to the collaborations between Sony and Marvel Studios in recent years, Across the Spider-Verse will be a Netflix release. While the deal struck between Marvel Studios and Sony may extend to this film, Disney+ is only allowed to begin streaming Sony's Spider-Man releases upon their release on Netflix. As a result, Netflix will be the first streaming service that Spider-Man: Across the Spider-Verse will be available on after its theatrical release.
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Because it’s airing on FX, you can of course fire up Into the Spider-Verse via FX Now. But in addition, the animated flick is streaming on both fubo (which offers a free trial and has cord-cutting plans starting at $74.99/month; sign up here) and DirecTV (which also offers a free trial and has cord-cutting plans starting at $64.99/month.
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Is Spider-Man: Across the Spider-Verse in Theaters?
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Not only was Spider-Man: Into the Spider-Verse the subject of rave reviews, but it also pulled in some gargantuan levels of cash at the international box office, with a final tally that quadrupled the film's ninety-million dollar budget. With incredible success like that, it's only natural that Spider-Man: Across the Spider-Verse would also be taking advantage of a theatrical release. That is the case, as the upcoming film will be exclusively available in theaters when it premieres on June 2nd, 2023.
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When Will Spider-Man: Across the Spider-Verse Be on Streaming?
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The Spider-Man franchise is in a pretty interesting place regarding streaming. The various films of Sony's franchise have typically been scattered across multiple services. That said, following a historic deal between Sony and Disney, the many stories of Peter Parker and beyond are now available on Disney+. This includes the original Sam Raimi trilogy, the first Amazing Spider-Man film, and, starting mid-May, Spider-Man: Homecoming and Venom. Notably absent from the Disney-streaming platform so far are The Amazing Spider-Man 2, Spider-Man: Far From Home, Venom: Let There Be Carnage, Spider-Man: No Way Home, Morbius, and most significant of all, Spider-Man: Into the Spider-Verse.
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Some of the films are not currently available on the service because Sony has pre-existing partnerships with Starz, as that's where most of the absent films are available to stream. That is except for Spider-Man: Into the Spider-Verse, which is instead only streaming on Fubo TV and FX Now.
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If Spider-Man: Into the Spider-Verse comes to Disney+ before Spider-Man: Across the Spider-Verse's theatrical run concludes, that would make the House of Mouse's service a likely contender for a streaming release. However, Sony has also historically partnered with Netflix for streaming releases. Up until recently, that's where Spider-Man: Into the Spider-Verse was available to stream, and Sony still brings their other big releases to the service, like Bullet Train and The Woman King.
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When will Spider-Man: Across the Spider-Verse be streaming on Netflix?
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Sony Animation’s big new Spider-Man movie is about to hit theaters and will be headed to Netflix (at least in the United States) later this year. For a prediction as to when and a bit more about the new movie, here’s what you need to know.
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As we covered in 2021, Spider-Man: Across the Spider-Verse will be headed to Netflix as the service gets both Sony’s animation and live-action content via a first window deal struck in April 2021.
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The deal stipulates that all Sony theatrical movies come to Netflix in the first window, which at a minimum, is 120 days after its theatrical release date. If it arrives exactly 120 days after, it’ll be streaming from September 30th, 2023.
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With that said, given how big this movie is, we may see it release a few weeks after the fact. Either way, we expect the movie to be available between late September and November 2023.
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Will Spider-Man: Across the Spider-Verse Be Streaming On Netflix?
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Yes, Spider-Man: Across the Spider-Verse is coming to Netflix approximately in December 2023.
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In 2021, Sony and Netflix signed a five-year deal that gave the latter exclusive first-pay-window U.S. streaming rights for Sony Pictures titles after their theatrical and home entertainment windows. Fans can expect to watch Spider-Man: Across the Spider-Verse on Netflix six months after the film’s theatrical release, thus in December 2023. The date seems reasonable considering that Spider-Man: Into the Spider-Verse dropped on Netflix on June 26, 2019, six months after its U.S. release on December 14, 2018. The pay-one window usually begins about nine months after a film’s theatrical release, but it might start earlier in particular cases.
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Will Spider-Man: Across the Spider-Verse Be On HBO Max?
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No, Spider-Man: Across the Spider-Verse will not be on HBO Max since it’s not a Universal Pictures movie. Last year, the company released its films in theaters and on the streamer on the same day. However, they now allow a 45-day window between the theatrical release and the streaming release.
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Will Spider-Man: Across the Spider-Verse Be Streaming On Disney+?
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Yes, Spider-Man: Across the Spider-Verse is also coming to Disney Plus approximately in 2025.
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Once the pay-one window runs its time and Netflix’s exclusive rights expire, Spider-Man: Across the Spider-Verse will be available on Disney Plus. The pay-one window might last as long as 18 months, which means it will be a while before Disney Plus subscribers can watch the much-anticipated sequel. Unlike in other countries, Spider-Man: Into the Spider-Verse isn’t yet available on the Disney-owned streamer in the U.S.
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American fans will have to wait until 2024 to watch Spider-Man: Into the Spider-Verse and at least until 2025 for its sequel. We will update this post once there is an official Spider-Man: Across the Spider-Verse Disney Plus release date.
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Is Spider-Man: Across the Spider-Verse Available On Hulu?
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Viewers are saying that they want to view the new Marvel's animation movie Spider-Man: Across the Spider-Verse on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. It will be exclusive to the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.
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How to Watch Spider-Man: Across the Spider-Verse Online For Free?
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There are a few ways to watch Spider-Man: Across the Spider-Verse online in the U.S. You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. You can also watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.
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When Will Spider-Man: Across the Spider-Verse Be on DVD and Blu-ray?
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Spider-Man: Across the Spider-Verse will likely be coming to DVD and Blu-ray around the same time as the streaming release. With theatrical films, on average, coming to streaming sooner than ever (usually ninety days after theatrical release), we'll likely see Spider-Man: Across the Spider-Verse get a DVD, and Blu-ray release no later than Fall 2023.
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Spider-Man: Across the Spider-Verse Cast and Characters
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Spider-Man: Across the Spider-Verse was written by Dave Callaham, Phil Lord and Chris Miller and directed by Joaquim Dos Santos, Kemp Powers and Justin K. Thompson. It stars the following actors:
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The following cast members are confirmed to provide their voice talents for Spider-Man: Across the Spider-Verse.
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Shameik Moore as Miles Morales / Spider-Man
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Hailee Steinfeld as Gwen Stacy / Spider-Woman
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Brian Tyree Henry as Jefferson Davis
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Luna Lauren Vélez as Rio Morales
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Jake Johnson as Peter B. Parker / Spider-Man
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Jason Schwartzman as Jonathan Ohnn / the Spot
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Issa Rae as Jessica Drew / Spider-Woman
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Karan Soni as Pavitr Prabhakar / Spider-Man India
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Daniel Kaluuya as Hobart “Hobie” Brown / Spider-Punk
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Oscar Isaac as Miguel O’Hara / Spider-Man 2099
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Greta Lee as Lyla
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Rachel Dratch as the school counsellor
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Jorma Taccone as Vulture
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Shea Whigham as George Stacy
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Andy Samberg as Ben Reilly / Scarlet Spider
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What is Spider-Man: Across the Spider-Verse About?
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Returning with many of your favorite characters, including Gwen Stacy/Spider-Woman, Peter B. ParkeSpider-Man, and of course Miles Morales as our primary Spider-Man, Spider-Man: Across the Spider-Verse is set one year after the events of the previous film. Miles (Shameik Moore) is coming into his own as Spider-Man when he is unexpectedly approached by Spider-Gwen (Hailee Steinfeld) with an extraordinary opportunity. Does Miles want to help a team of Spider-People, led by Spider-Man 2099 (Oscar Isaac) protect the multiverse from the terrifying threat of a man known as The Spot (Jason Schwartzman)?
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Obviously, Miles is going to say yes, setting him up for an adventure that will expand this movie’s concept of the multiverse in every possible way. Spider-Man: Across the Spider-Verse promises tons of new characters and worlds, without losing sight of what people have come to love about this particular Spider-franchise.
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Miles Morales has become a massively popular Spider-Man, and you can be certain he’ll be at the center of Spider-Man: Across the Spider-Verse’s chaotic blend of action, comedy, comic book aesthetics, and large-scale science fiction. It seems more likely than not that Across the Spider-Verse will be the biggest animated release of 2023.
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Is Spider-Man: Across the Spider-Verse on Hulu?
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No, 'Spider-Man: Across the Spider-Verse' is unavailable on Hulu. People who have a subscription to the platform can enjoy 'Afro Samurai Resurrection' or 'Ninja Scroll.'
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Is Spider-Man: Across the Spider-Verse on Amazon Prime?
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Amazon Prime's current catalog does not include 'Spider-Man: Across the Spider-Verse.' However, the film may eventually release on the platform as video-on-demand in the coming months.fantasy movies on Amazon Prime's official website. Viewers who are looking for something similar can watch the original show 'Dororo.'
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When Will Spider-Man: Across the Spider-Verse Be on Disney+?
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Spider-Man: Across the Spider-Verse, the latest installment in the Spider-Man: Across the Spider-Verse franchise, is coming to Disney+ on July 8th! This new movie promises to be just as exciting as the previous ones, with plenty of action and adventure to keep viewers entertained. you're looking forward to watching it, you may be wondering when it will be available for your Disney+ subscription. Here's an answer to that question!
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Is Spider-Man: Across the Spider-Verse on Funimation?
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Crunchyroll, its official website may include the movie in its catalog in the near future. Meanwhile, people who wish to watch something similar can stream 'Demon Slayer: Kimetsu no Yaiba – The Movie: Mugen Train.'
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Spider-Man: Across the Spider-Verse Online In The US?
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few ways to watch Spider-Man: Across the Spider-Verse online in the US You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.
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What is Spider-Man: Across the Spider-Verse About?
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It features an ensemble cast that includes Florence Pugh, Harry Styles, Wilde, Gemma Chan, KiKi Layne, Nick Kroll, and Chris Pine. In the film, a young wife living in a 2250s company town begins to believe there is a sinister secret being kept from her by the man who runs it.
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What is the story of Spider-Man: Across the Spider-Verse?
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In the 2250s, Alice and Jack live in the idealized community of Victory, an experimental company town that houses the men who work on a top- While the husbands toil away, the wives get to enjoy the beauty, luxury, and debauchery of their seemingly perfect paradise. However, when cracks in her idyllic life begin to appear, exposing flashes of something sinister lurking below the surface, Alice can't help but question exactly what she's doing in Victory.
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In ancient Kahndaq, Teth Adam bestowed the almighty powers of the gods. After using these powers for vengeance, he was imprisoned, becoming Spider-Man: Across the Spider-Verse. Nearly 5,000 years have passed, and Spider-Man: Across the Spider-Verse has gone from man to myth to legend. Now free, his unique form of justice, born out of rage, is challenged by modern-day heroes who form the Justice Society: Hawkman, Dr. Fate, Atom Smasher, and Cyclone.
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Production companies : Warner Bros. Pictures.
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At San Diego Comic-Con in July, Dwayne “The Rock” Johnson had other people raising eyebrows when he said that his long-awaited superhero debut in Spider-Man: Across the Spider-Verse would be the beginning of “a new era” for the DC Extended Universe naturally followed: What did he mean? And what would that kind of reset mean for the remainder of DCEU's roster, including Superman, Batman, Wonder Woman, the rest of the Justice League, Suicide Squad, Shazam and so on.As
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Spider-Man: Across the Spider-Verse neared theaters, though, Johnson clarified that statement in a recent sit-down with Yahoo Entertainment (watch above).
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“I feel like this is our opportunity now to expand the DC Universe and what we have in Spider-Man: Across the Spider-Verse, which I think is really cool just as a fan, is we introduce five new superheroes to the world,” Johnson tells us. Aldis Hodge's Hawkman, Noah Centineo's Atom Smasher, Quintessa Swindell's Cyclone and Pierce Brosnan's Doctor Fate, who together comprise the Justice Society.) “One anti-hero.” (That would be DJ's Spider-Man: Across the Spider-Verse.)
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“And what an opportunity. The Justice Society pre-dated the Justice League. So opportunity, expand out the universe, in my mind… all these characters interact. That's why you see in Spider-Man: Across the Spider-Verse, we acknowledge everyone: Batman , Superman , Wonder Woman, Flash, we acknowledge everybody.There's also some Easter eggs in there, too.So that's what I meant by the resetting. Maybe resetting' wasn't a good term.only
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In addition to being Johnson's DC Universe debut, “Spider-Man: Across the Spider-Verse” is also notable for marking the return of Henry Cavill's Superman. The cameo is likely to set up future showdowns between the two characters, but Hodge was completely unaware of it until he saw the film.
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“They kept that all the way under wraps, and I didn't know until maybe a day or two before the premiere,” he recently said Spider-Man: Across the Spider-Verse (2023) FULLMOVIE ONLINE
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Is Spider-Man: Across the Spider-Verse Available On Hulu?Viewers are saying that they want to view the new TV show Spider-Man: Across the Spider-Verse on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.
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Is Spider-Man: Across the Spider-Verse Streaming on Disney Plus?
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Unfortunately, Spider-Man: Across the Spider-Verse is not currently available to stream on Disney Plus and it's not expected that the film will release on Disney Plus until late December at the absolute earliest.
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While Disney eventually releases its various studios' films on Disney Plus for subscribers to watch via its streaming platform, most major releases don't arrive on Disney Plus until at least 45-60 days after the film's theatrical release.