Three key AI stocks to watch this week with traders expecting giant moves
Micron and Cerebras report this week. Also there's heavy options activity in Super Micro.
Market News
Alan Greenspan's legacy explained: how the Fed became central to modern markets under America's most influential central banker
Greenspan made the Fed famous. For him, and the institution, it was a blessing, and a curse.
Investors can buy duration safely as Fed will remain on hold, says Allspring's George Bory
George Bory, Allspring Global Investments, joins 'Halftime Report' to discuss the new Federal Reserve regime.
U.K. Prime Minister Starmer Exits, But Expect More Turbulence
I rate iShares MSCI United Kingdom ETF a Sell due to heightened UK political and economic instability. EWU's low P/E (12.74) and attractive 3.29% yield are outweighed by weak sales growth (1.32%) and macro headwinds.
The Fed Needs To Hike Interest Rates
The Fed's current policy stance is too loose given persistent core PCE inflation above 3%. Durable goods inflation has shifted from a deflationary force to a significant contributor to rising core PCE.
Can anyone join Musk in the trillionaire club? Zuckerberg has best shot, according to prediction markets
After Elon Musk became the world's first trillionaire thanks to SpaceX's public market debut, traders on prediction market platform Kalshi see Meta CEO Mark Zuckerberg with the best chance to become the second, but still think there's less than 50% odds of it happening. Nvidia CEO Jensen Huang is seen as to have the next best odds after Zuckerberg, with Dell CEO Michael Dell in third place.
Sumitomo Mitsui Financial: Maintaining A Constructive View Post-BOJ Rate Hike
Sumitomo Mitsui Financial Group remains a "Buy" after the Bank of Japan's 25 bps policy rate increase this month. SMFG's earnings are highly sensitive to rate normalization, with a 25 bps hike potentially boosting its future annualized net interest income by ¥0.11 trillion–¥0.15 trillion. The bank's capital allocation strategy is disciplined, as evidenced by its policy on further investee stake increases and commitment to shareholder returns.
Muted Stock Movement Marks Uncertainty Amid Iran Peace Talks
Investors await progress reports on U.S./Iran negotiations. PCE data on Thursday to offer insight on inflation direction.
How Will Wall Street Remember Alan Greenspan?
Alan Greenspan has died at the age of 100. Greenspan's 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment.
These six fast-growing stocks sit at the cutting edge of space and military technology
In the wake of the SpaceX IPO, investors can expect global communications and AI data processing — both via satellites — to be important themes for many years.
QQQ: The AI Business Model Is Likely Collapsing
Token price has been falling due to model substitution, GPU rents have been falling due to oversupply of chips and inference dynamics, while token volume has been capped. The AI capex builds infrastructure for premium models with expensive tokens, while the market needs cheap tokens from open-source and small models for most workloads.
Eurozone Consumer Confidence Picks Up Slightly
The European Commission's flash consumer-confidence indicator rose to minus 17.7 in June, continuing its tentative recovery from a three-year low in April.
Alan Greenspan, longtime head of the US Federal Reserve, dies aged 100
Alan Greenspan, the longtime head of the Federal Reserve and influential economist, has died aged 100.
Dow rises as US-Iran talks progress; investors await key inflation data
US stocks opened slightly higher on Monday as investors reacted to signs of progress in the latest round of US-Iran negotiations and looked ahead to a key inflation report that could shape the Federal Reserve's next policy move. Officials from the United States and Iran made what mediators described as "encouraging progress" during the first round of talks in Switzerland, which concluded early Monday.
Nothing Stands In The Way Of Earnings Growth
Market optimism persists despite Middle East tensions, with hopes for a resolution supporting risk appetite and recent index gains. Fed's hawkish tone and removal of easing bias have lifted yields, but I expect the rise to be temporary as inflation resumes its decline.
Cheniere Energy Up 17% YTD: Time to Buy, Hold or Take Profits?
Cheniere Energy's scale, contract base and cash flow offer stability, even as expansion spending and volatile earnings estimates keep enthusiasm in check.
The Technical Backdrop: When Flows Meet A Hawkish Fed
The next two weeks trade on plumbing, not earnings. We just cleared the largest options expiration on record, with quarter-end pension selling and a July 1 reallocation wave still ahead.
The Economy Does Not Depend on Fed Policy, Roubini Says
Nouriel Roubini, Roubini Macro Associates chairman and Hudson Bay Capital senior economic strategist, says he expects US inflation to slow down and the economy is being powered by the tech boom and not Federal Reserve policy. He speaks on "Bloomberg Surveillance.
Canada Inflation Heats Up to 3.2% in May
The consumer-price index climbed 1% in May, pushing the annual rate to 3.2%, the highest level since the end of 2023, Statistics Canada said.
Nasdaq tipped to rise after long weekend of Iran talks progress, hawkish Fed still looms
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening.
