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 | | | Government ministers from World Trade Organization member countries are gathering for four days to tackle key issues like overfishing of the seas, COVID-19 vaccines for the developing world and food security Read the Full Story |
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Politics | | | Ukrainian and British officials warned Saturday that Russian forces are relying on weapons able to cause mass casualties as they try to make headway in capturing eastern Ukraine and fierce, prolonged fighting depletes resources on both sides.
Russian bombers have likely been launching... 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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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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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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Markets | | | The nationwide average price for a gallon of gasoline has hit $5 for the first time ever.
Auto club AAA said the average price on Saturday was a fraction of a penny over $5.00. Motorists in some parts of the country, especially California, are paying far above that.
The... Read the Full Story |
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Politics | | | There is little evidence that gasoline prices, which hit a record $5 a gallon on Saturday, will drop anytime soon.
Rising prices at the pump are a key driver in the highest inflation that Americans have seen in 40 years.
Everyone seems to have a favorite villain for th... Read the Full Story |
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Politics | | | LOS ANGELES — President Joe Biden, speaking to donors at a Democratic fundraiser here, said Ukrainian President Volodymyr Zelenskyy “didn’t want to hear it” when U.S. intelligence gathered information that Russia was preparing to invade.
The remarks came as Biden was talking about his... 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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