Markets Rally, Media Panics, and Eggs Are Finally Affordable Again: June 2025 in Review

June 2025 may have been a month of global headlines loud enough to make a bull flinch—but instead, the markets just shrugged and hit record highs. While the mainstream media braced for the end of days, the S&P 500 closed at 6,204.95 and the TSX wrapped up at 26,857.11—both notching fresh all-time highs to the visible discomfort of anyone betting on doom. The U.S. economy? Still annoyingly strong. Gas prices are down, eggs have re-entered the realm of affordability, and both manufacturing and job numbers are quietly improving. Inflation is falling like a mic at a stand-up show—yet the Fed still won’t cut rates, likely in case the economy does something irrational like continuing to do well. Meanwhile, equity strategists are tripping over each other to revise their price targets higher.

Canada, ever the earnest tagalong, continues to play elbows-up in the media while folding like a lawn chair in trade talks. Despite bold headlines, Ottawa bent quickly when Washington hinted at walking, all while its economy benefited from being strapped to the engine that is the U.S. The Bank of Canada matched the Fed’s caution, holding rates steady for the second meeting in a row, letting economists speculate whether central banks are just waiting for more clarity on tariffs—or whether inflation is still whispering from under the table. On the economic front, Canadian services activity contracted again in June—seven straight months now—though you’d barely know it with the TSX rocketing like it’s 2006.

In case markets weren’t feeling bold enough, June decided to go full geopolitical drama. Trump launched a surgical airstrike that reportedly neutralized Iran’s near-term capabilities, then brokered a ceasefire with Israel to end what the media has dubbed the 12-Day War—because naturally, wars now get marketing names. The G7 summit came and went like an awkward family reunion, with polite smiles and no breakthroughs. Yet somehow, markets emerged even more confident. With geopolitical fires dimmed, economic fundamentals looking resilient, and investors increasingly desensitized to the chaos, June closed out the first half of 2025 with a bang—and strategists everywhere are updating their forecasts faster than you can refresh your portfolio app.

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