Good MorningThe May CPI data confirmed our worst fears. The FOMC has lost complete control of inflation and is on track to bring on an economic winter. The May CPI not only came in hot from the previous month but accelerated versus the expectation inflation has peaked. The data puts the idea of Peak Inflation to rest and we don't think this is the end of the story. WTI is on the rise and driving systemic inflation throughout the system. If anything, consumers should expect to see prices continue to rise at a high-single-digit rate well into the end of the year.
Last week, the S&P 500 confirmed a full reversal in the market. The index fell from the key resistance level of 4,100 and sed more than 6.5% for the period. The next target for support is 4,900, if this level does not hold up there is a very high probability the S&P 500 will see the 2,800 level before it sets a new all-time high. Featured: Free Access to 6 Penny Stock Profit Patterns (Millionaire Pub) 
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Politics | | | The head of the World Trade Organization predicted a “bumpy and rocky" road as it opened its highest-level meeting in 4-1/2 years on Sunday, with issues like pandemic preparedness, food insecurity and overfishing of the world’s seas on the agenda.
At a time when some question WTO's r... Read the Full Story |
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Politics | | | Shares sank in Asia on Monday after a report that U.S. inflation worsened last month sent stocks reeling on Wall Street.
Major regional markets dropped more than 2% in early trading Monday, while U.S. futures slipped more than 1%. On Friday, the S&P 500 sank 2.9%, locking in its ... Read the Full Story |
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Politics | | | World shares sank Monday after a report that U.S. inflation worsened last month sent stocks reeling last week on Wall Street.
Germany's DAX lost 1.9% to 13,496.91 and the CAC 40 in Paris declined 2.2% to 6,052.73. Britain's FTSE 100 lost 1.5% to 7,208.31. The future for the S&P 5... Read the Full Story |
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Politics | | | U.S. regulators have historically inspected baby formula plants at least once a year, but they did not inspect any of the three biggest manufacturers in 2020, according to federal records reviewed by The Associated Press.
When they finally did get inside an Abbott Nutrition formula pl... Read the Full Story |
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Markets | | |
Atlassian (NASDAQ: TEAM) stock is down over 60% over its high. Atlassian is a software company based out of Sydney and San Francisco. It produces products that help software developers, project managers, and other software development-related teams. They cater to three markets: Agile and DevO... Read the Full Story |
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From Our PartnersI thought you'd be interested in this report from Behind the Markets.
Ukraine isn't the real problem - Taiwan is. | | Learn More Here. |
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Healthcare | | |
Cloud-based healthcare community platform Doximity (NASDAQ: DOCS) stock may be put in a bottom as its trades down (-35%) for the year. Digital-first Doximity membership includes over 80% of U.S. doctors and 50% of all nurse practitioners and physician assistants. The Company added scheduling to it... Read the Full Story |
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Stocks | | |
Solar energy systems and solutions provider SunPower (NYSE: SPWR) stock is relatively outperforming the benchmark indexes being down (-16%) year-to-date. Despite the falling share price, revenues are seeing a 41% growth trajectory amidst rising energy prices. SunPower owns a 41% market share among... Read the Full Story |
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Markets | | | The average U.S. price of regular-grade gasoline spiked 39 cents over the past three weeks to $5.10 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline supplies.
The av... Read the Full Story |
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Markets | | | Stitch Fix (NASDAQ: SFIX) has been an interesting growth story but one that is coming apart at the seams. The pandemic, the stimulus, and the channel shift to eCommerce that ensued helped to extend the company’s track record but ultimately set it up for an even bigger fall. Read the Full Story |
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Stocks | | | If you are wondering where interest rates (NASDAQ: IEF) are going this year or how high they might go the best answers we can give is a lot higher. Not only is the FOMC poised to begin aggressively hiking rates this week but the fundamental conditions driving their actions are gaining momentum. Read the Full Story |
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Monday's Early Bird Stock Of The Day American Eagle Outfitters, Inc. operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands. It also offers menswear products under the Todd Snyder New York brand; and fashion clothing and accessories under the Unsubscribed brand. The company sells its products through own and licensed retail stores; concession-based shops-within-shops; and digital channels, such as www.ae.com, www.aerie.com, www.toddsnyder.com, and www.unsubscribed.com. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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