Good MorningThe rebound in equities faltered on Monday and for good reasons. Not only is there a key read on inflation due out at the end of the week but the price of oil is rebounding. The price for WTI gained more than 2.5% at the height of the session to top $111.75 on its way back to the short-term moving average at $113.37. If the market gets above that level we see the price of WTI moving up to retest and possibly set a new all-time high and drive inflation to new levels. In regards to inflation, the PCE price index is due out on Thursday and it is expected to be hot. The core PCE is expected to accelerate a tenth to 0.4% on a month-to-month basis and drive the YOY gain to over 5.0% to put even more pressure on the FOMC to act.
The latest read on the FOMC is that a 75 basis point interest rate hike will come in July and another one is likely in August. This will put rates at 3.0% to 3.25% by the middle of summer versus the end of the year as was predicted just a month ago. If the PCE data is hotter than expected it is likely the FOMC will increases rates at an even more aggressive pace and potentially throw the economy into a lengthy recession. Featured:
Our #1 Small-Cap Stock for May (BehindtheMarkets) 
|
Politics | | | British Prime Minister Boris Johnson’s bid to rip up parts of the post-Brexit trade deal he signed with the European Union has cleared its first hurdle in Parliament, despite warnings from opponents that the move is illegal.
Lawmakers voted 295 to 221 late Monday to give initial appr... Read the Full Story |
|
From Our PartnersThis trader trades only ONE stock — and profited through the 2000, 2008, and 2020 crashes. | | | | Learn More |
|
Markets | | | Global stocks were mostly higher Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
Oil prices pushed higher and U.S. futures also advanced.
As they wrapped up a summit in Elmau, Germany, Group of Seven leaders were finalizi... Read the Full Story |
|
Markets | | | Digital operations management platform PagerDuty, Inc. (NYSE: PD) stock has outperformed the technology bear market down just (-18%) on the year. The digital ecosystem management platform enables enterprises to manage and analyze digital applications in real-time using artificial intelligence (AI) a... Read the Full Story |
|
From Our PartnersThis hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing. | | Click here to get this secret |
|
Markets | | | Cybersecurity provider SentinelOne (NYSE: S) stock has fallen (-44%) year-to-date in the technology bear market despite its triple digit growth. The cloud-based cybersecurity provider provides artificial intelligence (AI) based protection for endpoints, cloud, and identity, which are areas offering ... Read the Full Story |
|
Markets | | | Through June 24th, all but 16 of the popular benchmark’s names were in the red for 2022. At the other end of the spectrum is an unlikely collection of stocks that have boldly bucked the market trend. The upside in these three Nasdaq-100 stocks has only begun. Read the Full Story |
|
From Our PartnersThanks to a little-known IRS exemption, you can now shift a portion of your 401(k)/IRA into physical gold - tax-free.
And to help you take action, I wrote a NEW 32-page Inflation Survival Plan that shows you how it works.
If you'd like a copy, I'll FedEx it to you right away at zero cost.
Inside, you'll see How to position yourself to possibly grow RICHER if the Dow tumbles in 2022
Tell me where to send your guide, and you're set | | Click Here to Get Your FREE Inflation Survival Guide |
|
Markets | | | Polestar (NYSE: PSNY) is a Swedish electric car maker, which is a part of the Volvo group. The company went public through a special purpose acquisition company (SPAC) with The Gores Guggenheim Group. Read the Full Story |
|
Politics | | | The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected Read the Full Story |
|
Politics | | | The Group of Seven on Tuesday was wrapping up a summit intended to send a strong signal of long-term commitment to Ukraine's future, ensuring that Russia pays a higher price for its invasion while also attempting to alleviate a global hunger crisis and show unity against climate change.
... Read the Full Story |
|
Politics | | | The Czech Republic has signed deals with Westinghouse Electric Co. and France’s Framatome to deliver fuel supplies for a nuclear power plant, reducing the country’s dependence on Russia.
The Czech state-controlled power company CEZ said on Tuesday that Pennsylvania-based Westinghouse ... Read the Full Story |
|
Markets | | | H.B. Fuller has proven to be inflation-proof if nothing else. The company manufactures adhesive chemicals for 3 end markets and the demand is high despite a series of pricing increases. The pricing increases are coupled with volume growth as well, not something we’re seeing in most reports, and has revenue and earnings at record levels. Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. Tempus AI Inc. is based in CHICAGO. | | View Today's Stock Pick |
|
