Podcasts about PCE

PODCAST LAS NOTICIAS CON CALLE DE 26 DE JUNIO - Círculo de fuego activo con muchos terremotos cercanos - Axios Miss San Sebastián nos representará en Miss Universe desde PR - WAPA Plantean que viene racionamiento por falta de lluvia, se va el segundo en mando de la AAA - El Vocero Al menos 235 muertos confirmados por terremoto de Venezuela - CNN No hay los votos para presupuesto de la guerra de Irán, Senado federal se tranca a medida de Trump - SemaforComerciantes siguen pagando por el escaneo de los furgones, pero se quedan en Puertos y no van a la empresa que lo hace - El Vocero Tuto Bermúdez y el escándalo de la bandera de PR - El Vocero En moda la comida fermentada y terminada - Axios Rivera Schatz cambia los tribunales para que sean bajo sus nombrados totalmente el ejercicio del poder - El Nuevo Día Baja el precio del petróleo y se propone que suba menos la luz en PR - El Nuevo Día Invest PR dice que dos empresas de Taiwán interesan venir a PR tras evento en California - El Nuevo Día 33% de los residentes de PR han considerado irse por el alto costo y calidad de vida según encuesta de MIDA - El Nuevo Día Reportan ataque a barco de Ormuz y la ONU detiene intervención - Reuters Alvarado trajo trofeo de la NBA y recibe reconocimiento en PR - Telemundo PR Apple subió precios considerablemente por costo de microchips - Reuters La inflación PCE en EE.UU. subió a 4.1%, máximo en tres años, plantean subir tasa de interés El petróleo se cayó, la gasolina no: Brent -44% desde abril, pero la gasolina solo bajó ~12.5%Texas le está metiendo duro a energía solar para producir energía - Bloomberg Trump le pide a ChatGPT aguantar nuevo modelo de lanzamiento - Axios LOS DATOS DEL DÍACierre del jueves 25 de junio de 2026 Brent$72.51/barril (-3.5%) Diésel (wholesale)$3.17/galón S&P 5007,357.49 (-0.01%) Dow Jones51,920.62 (+0.14%) Bono 10Y del Tesoro4.39% Euro/USD1.138 (+0.19%) Gas natural$3.33/MMBtu (+1.1%) Tasa hipotecaria 30Y6.49% (Freddie Mac)

Inflation and investing are once again front and center as markets assess a new mix of price pressures. In this Ask Me Anything episode of The Bid, host Oscar Pulido is joined by Helen Jewell, BlackRock's International Chief Investment Officer for Fundamental Equities, and Tom Becker, senior portfolio manager on BlackRock's Global Tactical Asset Allocation team.Together, they explore what is driving inflation today, from AI infrastructure demand and energy bottlenecks to fiscal spending, supply constraints, and regional differences. The conversation examines how inflation is affecting capital markets, equities, fixed income, stock market trends, and portfolio diversification.This episode also looks at the role of AI as both a near-term inflationary force and a potential longer-term productivity driver. As AI investing accelerates demand for electricity, chips, copper, data centers, and infrastructure, investors are watching how these megaforces reshape markets and the global economy.Key insights:· How AI infrastructure demand is contributing to inflation pressures· Why inflation differs across regions, including the U.S., Europe, Japan, and China· Where pricing power matters most for companies and sectors· How inflation measures like CPI, PCE, and PPI inform market views· Why sticky inflation can challenge traditional stock-bond diversification· How investors can think about inflation across equities, bonds, and multi-asset portfolios

Core inflation rose to 3.4% in May, according to this morning's PCE report out from the Bureau of Economic Analysis. That's the highest since October 2023. Part of the rise is driven by service sector inflation, which should be more immune to shocks from tariffs and energy costs. We dig in. And later, now that Spirit Airlines has shut down, its bankruptcy estate is auctioning off its access to New York's LaGuardia Airport.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Spirit to auction $80 million in takeoff and landing slots at LGA

Brian Szytel hosts Dividend Cafe on Thursday, June 25, describing a mixed but slightly positive market with a growth-to-value rotation as equal-weighted indexes outpaced cap-weighted, rates dipped, and oil rose slightly while Brent returned near pre US-Iran levels; despite one major AI semiconductor earnings beat lifting parts of the space, much of tech was down. He reviews heavy economic releases: May PCE inflation met expectations (0.4% headline, 0.3% core; core PCE 3.4% YoY), Q1 GDP was revised up to 2.1%, jobless claims beat expectations, durable goods fell as expected, and personal income and consumer spending exceeded forecasts, with five of six items better than expected. He highlights dividend growth using a 2000 S&P 500 example where a 1.2% yield grew to about 5.5% cash-on-cash over 26 years, and discusses private credit redemption gates, diversification, and software-sector stress as a key risk versus a systemic collapse. 00:00 Market Snapshot 01:03 Economic Data Rundown 02:36 Value Rotation Drivers 02:45 Dividend Growth Power 04:36 Ask TPG Private Credit 05:11 Run on Bank Explained 06:49 Wrap Up and Weekend Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Core inflation rose to 3.4% in May, according to this morning's PCE report out from the Bureau of Economic Analysis. That's the highest since October 2023. Part of the rise is driven by service sector inflation, which should be more immune to shocks from tariffs and energy costs. We dig in. And later, now that Spirit Airlines has shut down, its bankruptcy estate is auctioning off its access to New York's LaGuardia Airport.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Spirit to auction $80 million in takeoff and landing slots at LGA

Plus: Investors await today's PCE number - the Fed's preferred inflation gauge. And a new bipartisan coalition aimed at readying the American workforce for major AI-driven disruption is launching today. Luke Vargas hosts. Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew, Ben, and Tom discuss Micron's blowout quarter with revenue up 346% to $41.5 billion, 84.9% gross margin, and DRAM/NAND supply now constrained through 2027, the implications of doubling CapEx to $40-50 billion in FY27, Trump's $88 billion supplemental spending request for the Iran war, farmer aid, and Ebola, the canceled signing of the 21st Century ROAD to Housing Act, escalating Senate Republican tensions over Iran, the DOJ's egg price-fixing settlement with Cal-Maine, the narrowing K-shaped economy spending gap, today's PCE inflation print, and rates finally moving as oil drops below $70.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

In Episode 193 of Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, Chief Macro Strategist at Carson Group, talk about the passing of former Fed Chair Alan Greenspan and what his 18-year tenure actually produced for markets.Kevin Warsh's first Fed meeting as chair featured a statement that clocked in at roughly 130 words and told markets almost nothing about how the new Fed intends to make decisions.Sonu makes the case that despite all the hawkish headlines, dot plot drama, and a two-year yield that jumped 16 basis points on Fed day (the largest single-day move on a Fed decision since 2008), actual real policy rates are more accommodative now than they were in March. The committee is split 9-9 on whether to hike this year, Warsh has opted out of the dot plot entirely, and inflation is running well above target, with core PCE likely to finish the year above 3.3%.Apple's announcement that iPhone prices are going up due to memory chip shortages puts a real-world face on the inflation story. PPI for semiconductor chips and printed circuit boards is running above 100% annualized. Meanwhile the Dow, Russell 2000, and S&P MidCap 400 all closed at all-time highs last Thursday, which is the market's own vote on whether any of this is a crisis. The episode closes with a look at sector leadership, why communication services being down 6% to 7% year-to-date while tech is up 33% is genuinely strange, and why momentum breaking down is the signal to potentially worry about and why it isn't breaking down yet.Key Takeaways: Former Fed Chair Alan Greenspan oversaw a 190% gain in the S&P 500 over 18 years, second only to William McChesney Martin. He also presided over two bubbles that burst within a decade, the tech crash, and the housing collapse, producing what remains the worst decade for equity investors in history.Kevin Warsh's first Fed statement came in at roughly 130 words, the shortest non-emergency statement in modern Fed history. He also declined to submit a dot plot projection. The practical effect is that markets are now pricing guidance from the other 18 members, who are not stepping back from the spotlight.The dot plot went 9-9 on whether to hike in 2026. Three months ago, 12 of 19 members expected at least one cut this year. That shift may explain the volatility. 428 S&P 500 stocks fell on Fed day, the broadest single-day decline of the year, but it does not automatically mean the Fed is hawkish.After subtracting the Fed's own inflation projections from its own rate projections, real policy rates are actually more accommodative now than in March, dropping from an implied 0.7% real rate to 0.5%. With core PCE running around 3.5% to 3.8% annualized, the real policy rate is effectively near zero.Apple's decision to raise iPhone prices due to memory chip shortages is the real-world confirmation of a broadening inflation story. PPI for semiconductor chips and printed circuit boards is running above 100% annualized.The Dow Jones Industrial Average, Russell 2000, and S&P MidCap 400 all closed at all-time highs last Thursday. The NYSE advance-decline line and the small cap advance-decline line both hit all-time highs the prior Tuesday.Jump to:0:00 — World Cup Weekend and Father's Day3:07 — Remembering Alan Greenspan's Fed8:05 — A New Chair and a Short Statement13:25 — Dot Plot Split and Market Shock19:45 — Yield Curve Signals and Bond Surprise24:35 — AI Supply Chains and Price Pressure28:20 — The Case for a Dovish Fed34:40 — Economy Strength and Running It Hot37:10 — A Car Break in Reality Check40:35 — Breadth Seasonality and Sector Rotation53:20 — Closing Thoughts and Listener RequestsConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

Julius de Kempenaer, senior technical analyst at StockCharts, says the stock market right now is "technology against the world," and he expects that it will turn and correct, but he's not willing to put his portfolio on the line and move early, because it would put him in the path of a speeding "freight train." de Kempenaer says he can "hear what the bears are saying," and doesn't necessarily disagree with them, but he says he needs to see more signs of weakness -- like the market starting to favor defensive sectors even as it is rising -- to suggest that a downturn is near. Yalena Maleyev, senior economist at KPMG Economics – a member of the Outlook Survey Committee for the National Association for Business Economics – discusses the June 2026 NABE Outlook Survey, released today, which had the economists calling for lower and slower economic growth, higher inflation and a longer time before the Federal Reserve eases interest rates. The median expectation for personal consumption expenditures (PCE), the Fed's preferred inflation measure, rose to 3.6% for the fourth quarter. Despite those worrisome economic numbers, nearly two-thirds of the economists surveyed expect that the U.S. can forestall a recession until 2028 or later. In "The Week That Is," Vijay Marolia, chief investment officer at Regal Point Capital, discusses Kevin Warsh's debut as the chairman of the Federal Reserve, which included a hawkish stance, no dot plot or forecasting help, and a terse public statement. He also discusses the news that Charles Schwab Corp. is planning to enter prediction markets, which he says could speed up both public acceptance and regulatory scrutiny of prediction markets, and he gives his take on why the housing affordability problem is worse right now than it generally gets credit for. Plus, David Trainer, founder and president at New Constructs, puts the State Street S&P Kensho Final Frontiers ETF in the Danger Zone, noting that while the fund gets a five-star rating from Morningstar, it is filled with stocks "that are losing money hand over fist, all going after a very trendy topic ... which is hard to quantify," a condition that he says reminds him of the Internet bubble days.

En Capital Intereconomía reunimos en la Tertulia de Mercados a Antonio Feito, director de ventas de Swisscanto International Asset Management; Patricia Molpeceres, sales director de AllianceBernstein para Iberia; Felipe Lería, head de Iberia & Latam de UBP; y Alejandro Domecq, deputy country head de M&G para Iberia. La mesa analiza el escenario macroeconómico que afrontan los mercados tras la reciente desescalada geopolítica en Oriente Próximo y con la atención puesta en el próximo dato de inflación PCE en Estados Unidos, una de las referencias favoritas de la Reserva Federal para medir las presiones inflacionistas. Los expertos debaten sobre las perspectivas para los precios, el crecimiento económico y los posibles movimientos de la Fed en esta nueva etapa liderada por Kevin Warsh. La tecnología vuelve a ocupar un lugar destacado en el análisis. Repasamos si las fuertes revalorizaciones registradas en los últimos meses siguen dejando oportunidades atractivas para los inversores, qué segmentos continúan ofreciendo potencial de crecimiento y cuáles son las regiones que presentan mejores perspectivas dentro del universo tecnológico global. Más allá de la inteligencia artificial y de las grandes compañías tecnológicas, los expertos también identifican otras áreas del mercado donde encuentran valor. Analizamos sectores, geografías y temáticas de inversión que podrían ganar protagonismo en los próximos meses en un contexto de crecimiento moderado, tipos de interés todavía elevados y cambios en las dinámicas económicas internacionales. La renta fija también centra parte del debate. Los invitados comparten su visión sobre las oportunidades que ofrecen actualmente los mercados de bonos, los segmentos más atractivos y cómo posicionar las carteras para aprovechar un entorno en el que los bancos centrales siguen siendo determinantes para la evolución de los activos financieros.

Investors begin the week focused on two major themes: inflation and artificial intelligence. The latest PCE inflation report and Micron's earnings could provide important clues about interest rates and AI demand.>>> Follow me on LinkedIn:https://www.linkedin.com/in/endrit-cela/>>> Follow me on Instagram:https://www.instagram.com/endritcela_official/Disclaimer for "Capital Markets Quickie" Podcast:The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. "Capital Markets Quickie" does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.

La settimana scorsa la Federal Reserve ha spaventato i mercati con i segnali aggressivi sui tassi del nuovo presidente Kevin Warsh, ma il giorno dopo era già tutto dimenticato. Un recupero lampo che sembra mostrare la forza degli indici, pronti ad assorbire ogni colpo. Ma il modo in cui il mercato ha recuperato è proprio quello che dovrebbe renderci estremamente prudenti per i prossimi giorni. Dietro la calma apparente si nasconde un cambiamento strutturale profondo. In questo video analizziamo il meccanismo meccanico e automatico che ha sostenuto i prezzi: l'attività dei dealer in posizione di long gamma generata dalla massiccia vendita di volatilità a brevissimo termine da parte degli operatori. Spieghiamo la metafora del "materasso" che assorbe i ribassi (i dip intraday) e perché questo cuscino di protezione sia quasi completamente evaporato con le scadenze tecniche. Scopriamo perché la struttura attuale del mercato è diventata improvvisamente fragile e come muoversi operativamente sui livelli di supporto e sui Put Wall. Infine, analizziamo i tre appuntamenti macro e societari cruciali della settimana: gli utili di Micron, il dato sull'inflazione PCE (l'indicatore preferito dalla Fed) e la scadenza della mastodontica struttura di opzioni (collar) di JPMorgan. Vuoi lanciare il tuo negozio online?Vai su https://www.shopify.com/it e scopri come iniziare con Shopify in pochi minuti.

Den aktuelle markedsstemning balancerer mellem AI-optimisme og bekymringer ift. detaljerne i fredsaftalen mellem USA og Iran. Optimismen vejede i sidste uge tungest, hvor især IT- og industriaktier trak læsset, mens markedet også fortsat fordøjer indtrykkene fra den nye Fed-chef Kevin Warsh' første optræden på den store scene. Derfor vil markedsaktørerne også kigge på core PCE fra USA på torsdag, mens PMI'er og forbrugertillid fra Eurozonen også vil tiltrække sig opmærksomhed i denne uge. Største event i aktiemarkedsregi bliver højst sandsynligt IT-giganten Micron Technologies regnskab på onsdag. De asiatiske markeder handler hertil morgen med blandede signaler, mens starten på den europæiske handel ligner en flad åbning.Vigtig investeringsinformation

22/6 Usa-Iran: progressi incoraggianti. Roadmap verso pace definitiva. Hormuz riapre, Brent sotto 80$. Salgono dollaro e rendimenti in Usa: due anni al 4,22%.Fed, tutto quello che dovete sapere sul regime change di warsh. Mercati: chances al 75% rialzo a settembre.  Secondo atto sui mercati: cosa dicono i gestori? Ai trade al test dei conti di Micron (mercoledì) e PCE (giovedì). SpaceX verso inclusione Russell 1000, i prossimi passaggi fondamentali. Nadella e le critiche a OpenAI e Anthropic. ****** Questo episodio è offerto da ⁠Scalable Capital ⁠ Apri un conto con Scalable Capital e inizia a ricevere il 2,5% di interessi* sui tuoi risparmi:  https://partner.scalable-capital.de/go.cgi?pid=983&wmid=301&cpid=4&prid=13&subid=WILLHOST&target=Broker-Online *Messaggio pubblicitario. Tasso lordo annuo variabile sulla liquidità depositata nel conto deposito non vincolato, composto da tasso base collegato al Tasso di Deposito BCE e tasso bonus discrezionale. Liquidità allocata presso banche partner e fondi monetari riconosciuti. Foglio informativo e condizioni su scalable.capital. Investire comporta dei rischi****** MSCI Asia record, nuovo massimo anche per il Nikkei. HAng Seng vicina a territorio orso. Kospi lima i guadagni, SK Hynix supera Samsung per capitalizzazione. Yen ai minimi da 40 anni. Cina: prime rate a un anno fermo, scendono le vendite di case esistenti. Nuovi vincoli a export terre rare a società Usa. Europa prudente, oggi parla Lagarde al Parlamento UE. Bofa: la Bce alzerà a luglio. Starmer verso le dimissioni, per Citi Gilt verso 5,25%. Risiko bancario: oggi cda MPS, le opzioni. Unicredit: tasso di adesione OPS Commerzbank al 12,51%. Oggi stacco cedole, focus su Leonardo, Stellantis.  Learn more about your ad choices. Visit megaphone.fm/adchoices

週一天下零時差關注以下財經大事： 一、輝達本週舉行股東會，股價續漲關鍵是什麼？ 二、企業喊缺工、畢業生找工作，台灣5月失業率會有變化嗎？ 三、沃許時代首份PCE數據登場，市場為何特別重視？ 文：蔡娪嫣 製作團隊：錢玉紘、鄭子鴻 ＊閱讀零時差，點這看全文

RenMac breaks down new Fed Chair Kevin Warsh's first meeting — the most hawkish FOMC outcome on record by the move in the two-year yield — why falling oil won't pull the Fed off its tightening bias, and how rate hikes are now on the table as soon as July. The team also discusses the fragile Iran settlement, a firmer dollar, the Defense Production Act's reach into non-defense names, US-versus-ex-US equity leadership, and the week ahead in core PCE, Micron, and Fed speakers.

Nossos sócios Luiz Eduardo Portella, Tomás Goulart e Sarah Campos debatem, no episódio de hoje, os principais acontecimentos da semana no Brasil e no mundo. No cenário internacional, a semana foi marcada pelas decisões de política monetária. O Banco Central da Inglaterra manteve os juros inalterados, enquanto o Banco Central do Japão elevou a taxa para 1%, ambos em linha com as expectativas. O principal destaque ficou para o Fed, que manteve os juros, mas cuja primeira reunião sob a presidência de Kevin Warsh trouxe mudanças relevantes na comunicação, com o fim do forward guidance e a criação de grupos de trabalho para revisar temas como balanço, produtividade, mercado de trabalho na era da IA e fontes de dados. O Fed também revisou para cima suas projeções de inflação e reforçou o compromisso com a meta de 2%. Nos EUA, o varejo de maio surpreendeu positivamente, reforçando a leitura de atividade resiliente. No campo geopolítico, o memorando de entendimento entre Estados Unidos e Irã trouxe perspectiva de redução das tensões e de normalização gradual do fluxo no Estreito de Ormuz. No Brasil, o Copom reduziu a Selic em 25 bps, decisão interpretada como dovish diante da revisão altista das projeções de inflação e da manutenção de um cenário de atividade forte. A comunicação foi confusa, utilizando a extensão do horizonte relevante para justificar o corte. No campo fiscal, a semana foi marcada por novas preocupações com propostas de aumento de gastos no Congresso e por declarações de Flávio Bolsonaro descartando medidas estruturais de ajuste fiscal. Nos EUA, o juro de 1 ano abriu 13 bps, e as bolsas tiveram desempenho positivo – S&P 500 +0,93%, Nasdaq +2,60% e Russell 2000 +1,22%. No Brasil, a curva de juros inclinou (jan/27 fechou 10 bps; jan/31 abriu 57 bps), o Ibovespa desvalorizou 1,64% e o real 1,82%. Na próxima semana, destaque para o IPCA-15, a ata do Copom e o Relatório de Política Monetária. No exterior, atenção aos PMIs e ao PCE.

Send us Fan MailAfter a packed week of central bank decisions, markets now turn to key economic data. From Eurozone and UK PMIs to US core PCE, inflation and growth signals will guide movements across FX, stocks, gold, and crypto. Watch the yen amid BoJ expectations, tech stocks with Micron earnings. With oil and geopolitics in play, volatility is back—stay alert for trading opportunities this week.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

In this episode, Danielle DiMartino Booth, CEO of QI Research and former Fed insider, gives Kevin Warsh a 9 out of 10 on his first FOMC meeting and press conference, saying "it sounds like he's fed up too" after witnessing a dramatic departure from Powell's approach. Warsh delivered a remarkably short statement (140 words vs Powell's 341 words), removed the dot plot entirely ("show don't tell"), eliminated forward guidance, and created five task forces including communications overhaul, data exploration, and inflationary frameworks review. Danielle was thrilled he's revisiting the arbitrary 2% inflation target, moving away from core PCE (which she calls "a bunch of BS" because stock market gains inflate the metric), and exploring trim mean inflation instead. Warsh went to a grocery store asking people if Fed policy actually helps with gas, beef, and egg prices—demonstrating he understands Fed policy cannot address supply-driven inflation. He called non-farm payroll data "echoes of history" and demanded accountability, slamming the NBER for being "derelict in their duty" to call recessions when bankruptcy filings are up 38% year-over-year and personal bankruptcies surged 8%. Danielle warns the market is "calling his bluff" after today's sell-off, notes no junk bonds have been sold in 41 days signaling credit stress, and says to watch the MOVE index and credit spreads closely as the next tell. She's cautiously optimistic but "wait and see," drawing comparisons to Powell's 2018 pivot when he reversed course after market pain. Warsh managed a unanimous vote despite the aggressive reform agenda.Thank you to our sponsors: Kalshi - download the Kalshi app and use code JULIA to get $10 when you trade $10. https://www.kalshi.com/julia Monetary Metals - learn more at https://www.monetary-metals.com/julia/Links: Danielle's Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/ YouTube: https://www.youtube.com/@DanielleDiMartinoBoothQIFed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655Timestamps: 0:00 Introduction - Fed day with Danielle DiMartino Booth 1:37 Statement very short - 140 words vs Powell's 341, "fed up too"2:14 No forward guidance, removed dot plot - "show don't tell"3:13 Warsh strategic approach - "I'm going to fix this broken institution"5:20 Five task forces including communications and inflationary frameworks7:48 Revisit 2% inflation target - Arbitrary and unnecessary14:10 Rate cuts - most traders on Kalshi expect zero16:57 Markets lower today, Wall Street calling his bluff17:51 Bankruptcies up 38.4% year over year, personal up 8%19:00 NBER derelict in recession calling - Should have called 202524:43 Non-farm payroll data unreliable until third revision - "echoes of history"26:09 Financial markets work best reacting to real data, not Fed speak27:20 Overall impression 9 out of 10, cautiously optimistic29:15 Watch MOVE index and credit spreads for next signal30:00 Warsh got unanimous vote - Corralled all governors

With Kevin Warsh's first meeting as Federal Reserve chair behind him, the discourse can move to what it signals for monetary policy. Bloomberg Economics Chief US Economist Anna Wong joins Ira Jersey on this edition of Macro Matters and argues that while Warsh avoided explicit forward guidance, his emphasis was on price stability, skepticism toward forecast precision and support for a shorter policy statement all point to a more hawkish lean than many investors expected.  They discuss whether Warsh is pushing the Fed back toward a more Greenspan-like communication style, why she believes the dot plot could eventually disappear in favor of broader forecast ranges, and how task forces on the balance sheet, inflation and data reliability could shape future policy debates. They also examine the outlook for inflation and the labor market, why Wong sees a rate hike this year as a mistake given her expectation for headline and core PCE to fall back toward target, and how Bloomberg Intelligence views current SOFR futures pricing as internally inconsistent. The episode closes with a discussion of the global backdrop, including softer oil prices, tighter policy abroad and the implications for the dollar and the US disinflation outlook. The Macro Matters podcast is part of BI's FICC Focus series.

Last Wednesday's CPI report, while not a surprise, still showed a year-over-year inflation rate of 4.2% - higher than in any month since April, 2023. For investors, this raises a number of questions. First, is this the peak for U.S. inflation and, if it is, how fast will inflation fall from here? Second, are we looking at the right inflation rate, anyway, given differences between CPI and PCE deflators, headline and core measures and the new Fed Chairman's preference for trimmed mean and median readings?

Season 6, Episode 17: Welcome back to a new episode of Keeping it Real with Dr. Kuehl. This week, Dr. Chris Kuehl talks about what's happening in the economy as if we have a clue.ASA Chief Economist Dr. Chris Kuehl is back with his weekly economic update podcast. In Season 6, Episode 17 (8:16 in length), ASA Chief Economist Dr. Chris Kuehl discusses the latest economic data. Is there a lot of positive data that is going on behind the scenes?Is media designed to provide data? Should we consume this information?Media dominating the news cycle - are we missing the most relevant news?Has the oil data been overblown? What is the crucial issue?Are we in an oil glut? What is the concern?What is the REAL issue with the oil sector?Where are we seeing really good data?Is the manufacturing sector soaring?Where are inflation numbers? How is the Fed responding to this data?Where are the PCE numbers? Where are they trending?Where are ASA members in this economic cycle???Is there more to be encouraged by than the obvious negative?Ask Dr. Kuehl a Question!Have a question or topic for Chris Kuehl that you would like answered on this podcast or on his monthly ASA members only webinar?Email it to Brianna Dovichi at bdovichi@asa.net

Nossos sócios Luiz Eduardo Portella, Tomás Goulart e Sarah Campos debatem, no episódio de hoje, os principais acontecimentos da semana no Brasil e no mundo. No cenário internacional, a semana foi marcada pela continuidade das negociações envolvendo EUA, Irã e Israel. Após novos ataques e ameaças ao longo dos últimos dias, surgiram notícias sobre a possibilidade de um memorando de entendimento mais amplo envolvendo os países da região, incluindo uma trégua imediata e discussões sobre temas como o programa nuclear iraniano, recursos financeiros e o funcionamento do estreito de Ormuz. Apesar do tom mais construtivo, o mercado segue cauteloso diante das sucessivas idas e vindas das negociações. Nos dados econômicos, o CPI e o PPI vieram em linha com a expectativa de inflação elevada, enquanto as projeções para o PCE foram revisadas para cima. Na Europa, o Banco Central Europeu elevou os juros em 25 bps e reforçou a preocupação com os efeitos persistentes do choque de energia sobre a inflação. No Brasil, os dados de atividade seguiram surpreendendo positivamente. A PMS veio mais forte que o esperado, reforçando a leitura de crescimento robusto no segundo trimestre e aumentando a percepção de que as projeções de crescimento do Banco Central estão defasadas. Já o IPCA trouxe surpresa altista no índice cheio, mas os núcleos e os serviços subjacentes vieram melhores do que o esperado, contribuindo para uma leitura mais favorável da dinâmica inflacionária. Nos EUA, a curva de juros fechou (vértice de 2 anos – 6 bps), e as bolsas subiram – S&P 500 +0,65%, Nasdaq +2,34% e Russell 2000 +3,9%. No Brasil, os juros também fecharam (jan/35 – 42 bps), o Ibovespa valorizou 1,25% e o real 2,15%. Na próxima semana, destaque para as decisões de política monetária do Fed e do Copom.

Our Global Head of Fixed Income Research Andrew Sheets explains our differentiated view of a potential benign outlook for inflation, despite the recent acceleration.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley.Today, why is everything still so expensive?It's Thursday, June 11th at 2pm in London.The Federal Reserve has a so-called dual mandate, tasked with keeping the labor market healthy and prices stable. It is currently having much more success with the former than the latter.Let's start with that good news.Last Friday saw solid data from the U.S. jobs market, reducing some of the fears from earlier this year that artificial intelligence and other factors would lead companies to make do with fewer workers. The U.S. unemployment rate sits at just 4.3 percent, a historically low level. Measures like initial jobless claims indicate no large uptick in firings.Yet the success within the U.S. labor market is mirrored by struggles with inflation. The Fed tries to keep inflation, the annual increase in a broad set of prices, to about 2 percent per year. Their preferred measure of these prices, so-called PCE inflation, well, it's been materially above this target over the last three months, six months, twelve months, and indeed, the last five years.As for another key measure of inflation that was reported yesterday, CPI, overall prices increased more than 4 percent. While that was close to expectations, it still represents prices that are rising much faster than the Fed would prefer.This leads to a dilemma. One diagnosis of what's going on is that elevated inflation is a sign that conditions are simply too loose and too accommodative at these levels of interest rates. Corporate capital expenditure and merger activity is surging, regulation is being eased, and the U.S. government is spending a lot more than it's taking in. All of these are consistent with a hot economic cycle, which in the past would've warranted higher interest rates to bring the economy back down to a more sustainable speed.But it might not be that simple.The surging spend that we're seeing on AI data centers feels pretty unique and almost insensitive to other dynamics. Indeed, we've seen a 700 percent increase in the price of memory over the last year. Yet it's done little to slow demand for this construction as the large, well-capitalized companies behind the AI buildout see it as so essential to their future success.U.S. consumers are also still spending, boosted perhaps by record levels of household wealth. As just one example of this, my colleagues in Equity Research note that the price of airline tickets has gone up 25 percent over the last year, yet there's been no sign of people flying less.Now, the positive story would be that while there are some high-profile categories like computer memory or airfare that are seeing these large price increases, the broader inflation picture is actually set to get better as the year goes on, and costs for things like housing and tariff-impacted goods moderate. That is our view at Morgan Stanley, where our economists think that inflation will ultimately be lower over the next twelve months – and lower than many in the market expect.But there's definitely uncertainty.This month, June, is one where central banks may appear to have a renewed commitment towards inflationary pressures; with the ECB hiking rates today and our expectation that the Bank of Japan will hike rates next week, while the Fed will remove their easing bias. And our more benign economic base case for inflation does assume that oil will start flowing through the Strait of Hormuz pretty soon. It may not, and that could also lead to more sustained inflationary pressure.The big story on inflation has not gone away. Our assumption that pressures could ease in the second half of the year is a key and differentiated input to our forecast for lower bond yields and higher stock prices in 12 months' time. But it does rely on a change of the status quo.As of now, inflation is still too high.Thank you, as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also, tell a friend or colleague about us today.

A new study may help improve cleanup strategies for groundwater and sediment contaminated with persistent chlorinated organic pollutants. Funded by the NIEHS Superfund Research Program, researchers at the University of Maryland Baltimore County used modeling tools to better understand and optimize their cleanup technology that combines pollutant-degrading bacteria with an activated carbon sorbent, called bioaugmented sorbents.

The Federal Reserve has long relied on the PCE as its preferred measure of inflation. But there's another inflation yardstick known as the trimmed mean, which tries to smooth out big inflation bumps. Last week, the Dallas Fed's trimmed mean came in at 2.3% — lower than the PCE and much closer to the Fed's 2% target. What accounts for the difference, and why does it matter? Then, we hear how 48 "base camp" venues are preparing to host World Cup athletes.

The Federal Reserve has long relied on the PCE as its preferred measure of inflation. But there's another inflation yardstick known as the trimmed mean, which tries to smooth out big inflation bumps. Last week, the Dallas Fed's trimmed mean came in at 2.3% — lower than the PCE and much closer to the Fed's 2% target. What accounts for the difference, and why does it matter? Then, we hear how 48 "base camp" venues are preparing to host World Cup athletes.

In this Daily Editorial, we sit down with Dave Erfle, founder and editor of the Junior Miner Junky, to unpack the current divergence in the commodities sector. While copper continues its powerful breakout, the precious metals sector has lulled many investors to sleep despite remarkable corporate health and macro tailwinds. Key Discussion Points: Precious Metals Range-Bound Trading: An overview of gold ($4,500/oz) and silver price action relative to their 50-day and 200-day moving averages, and why a technical decision point is rapidly approaching. Stagflationary Economic Drivers: How the latest downwardly revised US GDP data (1.6%) and rising PCE inflation (3.3%) are providing a fundamentally supportive backdrop for hard assets. Unprecedented Corporate Health: A look at the record-breaking Q1 earnings and strong balance sheets of producers like Newmont, contrasting their historically low valuations against an overextended broader stock market. The Speculative Frenzy Absence: Why the lack of a sector-wide bubble in junior equities and multi-year low open interest indicate that the precious metals sector remains completely overlooked. Copper vs. Gold Rotations: Analysis of the strong volume and capital flowing into critical minerals and copper compared to the summer doldrums gripping gold and silver.   Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.com/   --------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

This week, we discuss downward revisions to GDP, persistent inflation and a renewed decline in the savings rate. Real GDP growth in the first quarter of 2026 was revised down from 2.1% to 1.6%, well below the consensus estimate of 2.2%. Meanwhile, inflation remained uncomfortably high. The PCE price index rose 3.8% from a year earlier, while core PCE increased 3.3%, both still far above the Federal Reserve's 2% target. The same report offered little comfort on the consumer. Real disposable personal income fell 0.5%, consumption rose just 0.1%, and the savings rate dropped to its lowest level since the eve of the Global Financial Crisis.

A new ceasefire and 60-day extension! PCE numbers are out – somehow inflation cooling. More government handouts – stocks rally in the news. This week’s guest: Wesley Gray – Founder, Alpha Architect.   NEW! DOWNLOAD THIS EPISODE’S AI GENERATED SHOW NOTES (Guest Segment) Wes Gray – After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife's hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray's interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in Palmas Del Mar. Puerto Rico with his wife and three children. Follow @alphaarchitect Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE Stocks mentioned in this episode: (SPY), (RKLB), (DELL), (INTC)

Logic should tell you there may not be much growth left in Nvidia  Investing has become increasingly emotional for many people, and too often investors stop thinking logically. Could the popular company Nvidia continue climbing higher? Of course it could. But there are logical reasons to believe its future growth may be limited compared to what investors expect today.  First, consider the company's market capitalization. As the stock price rises, so does the market cap, which currently sits around $5.2 trillion, depending on the day. To put that number into perspective, $5 trillion is roughly equal to the entire GDP of Japan. With that amount of money, you could buy all the real estate in New York City, London, and Tokyo combined. You could also purchase every major sports franchise in the world several times over.  So investors should ask themselves: if you are buying or holding Nvidia today, are you expecting the company to double in value anytime soon to more than $10 trillion? Does that really seem realistic?  Over the last year, Nvidia generated approximately $216 billion in revenue, which is nearly half the size of the entire U.S. consumer technology industry, estimated at $537 billion in 2025. The company's revenue grew by about 65% year over year. If Nvidia were to repeat that same 65% growth rate in 2026, revenue would increase by roughly $140 billion, bringing total annual sales to around $356 billion.  To understand how massive that growth would be, only about 25 companies in the entire S&P 500 generate more than $140 billion in annual revenue. In other words, Nvidia would need to add more revenue in a single year than 95% of S&P 500 companies produce in total annual sales.  None of this means Nvidia is a bad company. In fact, it is an exceptional company doing extraordinary things. However, wherever enormous profits exist, competition inevitably follows. We are already hearing about major technology companies developing their own AI chips, while startups and rival semiconductor firms continue introducing competing products that could eventually take market share from Nvidia.  Does that mean Nvidia is going to crash? Probably not. Could it happen? Anything is possible in the market. But for long-term investors, the bigger concern may be that future revenue growth simply cannot continue at the pace investors have become accustomed to. If growth slows meaningfully, the stock could experience years of stagnation or disappointing returns. That is the logical case investors should at least consider.     The Consumer Isn't Breaking, it's Quietly Running Out of Cushion  The recent economic data showed that inflation came in line with expectations and much of the shift can likely be attributed to higher energy prices. A bigger concern to keep an eye on is what's happening to household finances underneath the surface.  April core PCE, the Fed's preferred inflation gauge, came in at 3.3% year-over-year, exactly in line with expectations. This was the highest annual level since November 2023.  At this point, inflation still doesn't appear to be a crisis story. If energy prices can decline, I believe much of the recent increase in inflation would dissipate and we'd head closer to the Fed's 2% target.   While I'd say inflation isn't a major concern currently, the data suggests consumers are increasingly stretched financially.  The clearest warning sign is the savings rate. The U.S. personal savings rate fell to just 2.6%, one of the lowest levels seen outside of the immediate Covid reopening period in 2022. The April reading was down from 3.2% in March and 5.8% a year prior. It also marked the lowest savings rate since June 2022 when it hit 2.2%. For perspective, Americans saved about 5-7% from 2010 to the beginning of 2020.   That gap matters. It suggests consumers are continuing to spend, but they're doing it with far less financial cushion than they historically had. Spending resilience is increasingly being supported by depleted savings, rising debt usage, and retirement account borrowing rather than excess cash reserves.  Fidelity reported that 19.2% of workers now have an outstanding 401(k) loan, up from 18.8% a year ago. Meanwhile, hardship withdrawals across retirement plans continue to rise industrywide. Vanguard recently reported that 6% of account holders took hardship withdrawals in 2025, up from 4.8% the prior year and above pre-pandemic norms.  Retirement accounts are increasingly functioning as emergency liquidity for everyday expenses. Historically, 401(k)s were largely treated as long-term investment vehicles. Now they're becoming a financial backstop for consumers trying to maintain spending in a higher-rate environment.  This data continues to point towards the concerns around the K-shape economy. While debt levels remain in check, increased debt balances or more 401k withdrawals could create more longer-term consequences that we should be aware of.      The most important part of the SpaceX IPO may not be the valuation. It may be the mechanics behind the stock itself.  SpaceX has yet to declare the size of its IPO offering, but it will likely be a single-digit percentage of the company's total shares outstanding. That matters because float, not just valuation, can determines how violently a stock moves in the early months after an IPO. When demand is huge and supply is constrained, prices can disconnect from fundamentals quickly. If institutions, retail investors, and passive index funds are all competing for a tiny number of available shares, scarcity alone can drive a major rally independent of fundamentals. Nasdaq created a rule in May that shortened the waiting period for megacap stocks to be included in the Nasdaq 100 index to 15 trading days, which is down from as long as a year. There's also a proposal to shorten the waiting period for S&P 500 inclusion to six months from 12 months and there's speculation that could be implemented before the SpaceX IPO. If SpaceX is added rapidly to major indexes, passive funds and ETFs may become forced buyers while insiders gradually gain the ability to sell into strength. That creates a setup where institutional demand collides directly with controlled insider supply releases. The result could be extraordinary volatility in both directions.  The lock-up structure may be even more important than the float itself. SpaceX plans to allow certain shareholders to sell portions of their stock before the traditional 180-day lock-up expires. Restrictions usually apply to existing investors, employees, large institutional investors or people with access to privileged information. Under the proposed structure, some insiders could begin selling as early as after the company's first earnings report if performance targets are met. Up to 20% of the restricted shares may be sold shortly after the company releases its second-quarter earnings. Another 10% would be unlocked if the stock trades at least 30% above its IPO price. Additional tranches of 7% each are set to unlock at five intervals between 70 and 135 days after the listing, with a further 28% becoming available after a subsequent earnings report. Any remaining restricted shares would be eligible for sale after 180 days. Elon Musk, who holds 85.1% of the voting power and 12.3%  of the economic interest in Class A shares, agreed to a 366-day restriction.  Historically, unlock events have often been brutal. The Facebook IPO is probably the clearest example. Facebook had an IPO of $38 in May 2012 during one of the most hyped tech IPOs ever. Within three months, the stock had already fallen sharply, but the real pressure came from the lock-up expirations. In August 2012, Facebook's first major lock-up expiration released 270 million additional shares into the market increasing the publicly tradable share count by roughly 60%. The stock fell more than 6% that day and closed below $20, almost 48% below its IPO price. Interestingly, your returns in Meta/Facebook have been great and investors who bought the stock after its first day of trading are up close to 1,500%, but investors that bought six months later are up close to 2,500%.  Facebook isn't the only example. In fact, generally IPOs fizzle out shortly after the hype fades. Jay Ritter, a University of Florida professor, point out the 1,724 U.S. IPOs from 2011 through 2024 had an average first-day pop of 23%, but over the next three years, these stocks lagged behind the market by 25 percentage points. The trend is even more troubling for stocks that trade with a high premium. Since 1980, issuers with trailing annual sales of at least $100 million and a price-to-sales ratio above 40 have seen an average three-year drop of 45% from their first day's close.  The psychology behind lock-ups is simple. During the first few months after an IPO, the market is dealing with artificial scarcity. The available supply of stock is intentionally constrained while excitement and media attention are elevated. Once insiders are allowed to sell, the supply-demand balance changes immediately. What makes SpaceX interesting is that management appears to be trying to avoid a single catastrophic unlock day by spreading the selling pressure over time. In theory, that could reduce the probability of a massive one-day collapse like Facebook experienced. But it may also create a different environment where insider selling becomes a continuous overhang rather than one clean reset event.  The lesson from previous IPO cycles is that the first trade and the long-term investment outcome are rarely the same thing. Stocks with tiny floats and massive narratives can become detached from fundamentals very quickly. Eventually supply catches up.     Financial Planning: Match or Max Your 401(k)  Many people have heard the advice to contribute enough to their 401(k) to receive the company match, but stopping there can mean leaving one of the most powerful wealth-building tools underutilized. A 401(k) allows investments to grow tax-deferred or tax-free with traditional and Roth contributions, which can significantly improve long-term after-tax returns compared to other investment options. Critics often argue that 401(k) plans have failed to replace traditional pensions, but in many cases the problem is not the structure of the 401(k) itself, it is that people simply have not contributed enough or invested appropriately over time. Not everyone is going to become a real estate mogul, successful entrepreneur, or business owner, and that is perfectly okay. The 401(k) was designed to allow ordinary workers to build extraordinary retirement security through disciplined saving and investing over decades. With consistent contributions, proper investment allocation, and time, a well-funded 401(k) can generate retirement income that exceeds many traditional pension plans while also providing greater flexibility and ownership of the assets.     Companies Discussed: The Home Depot, Inc. (HD), Intuit Inc. (INTU), Ferrari N.V. (RACE) & MGM Resorts International (MGM) 

PODCAST LAS NOTICIAS CON CALLE DE 29 DE MAYO -   La UPR presenta un nuevo presupuesto - El Vocero Piden a pensionados de la AEE que tengan cuenta de banco en PR porque han tenido problemas con bancos de fuera - El Vocero Pelea por fondos de FEMA entre Cor3 y la industria local por plantear traer empresas de fuera - El Nuevo Día No hubo conducta anti ética dice Ferraiuoli - El Nuevo Día 15 candidatos para dirigir DDEC, sector privado en La Fortaleza, Lefranc Fortuño interino no se va a quedar como jefe - El Nuevo Día Van pal Tribunal para saber los casos que Justicia cerró sin investigar por meramente haber pasado el tiempo - El Vocero El nuevo Hilton Garden Inn va porque la demanda para detenerlo se presentó muy tarde - El Nuevo Día 57% de los boricuas en Florida rechazan a Trump - El Nuevo Día Cuelgan medida por la eutanasia en el Senado - El Nuevo Día Explota cohete espacial de Amazon, Elon Musk gana en ruta al espacio - CNBCBoricuas no pueden comprar casa - Metro Nadie quiere que se quede LeFranc Fortuño - El Vocero TMobile lanza live translación para conversaciones telefónicas en tiempo real - El Vocero Impresionante logro de WKAQ - El Vocero La gente no puede comprar casa en PR - Metro Piden más empleados para aeroespacial, pero los que podrían están emigrando - El Vocero Irán y USA logran acuerdo, pero Trump no lo ha aprobado todavía - Bloomberg SpaceX dice que su negocio vale 1.8 trillones - Bloomberg Arabia dice que bajará precio del petróleo, WTI a 87 Drone ruso entra a Rumanía y provoca activación militar de la OTAN- FTCuidadores informales en San Juan recibirán ID para que tengan trato preferente en San Juan - El Nuevo Día Horrible accidente con Cybertruck deja dos muertos y varios heridos - Noticentro Alberta Canadá propone separarse en consulta para la independencia - CNBC#universal #incluyeauspicioLOS DATOS DEL DÍA• Brent: $92.10/barril• Diésel wholesale (No.2): $3.69/galón• S&P 500: –0.02% (Nasdaq nuevo récord)• Dow Jones: –0.63%• Bono 10Y Tesoro: 4.502%• EUR/USD: $1.164• Gas natural (Henry Hub): $3.27/MMBtu• Tasa hipotecaria 30Y: 6.59%• PCE abril: +0.4% mensual, +3.8% anual (más alto en ~3 años)

All three major U.S. stock indices closed at fresh record highs on May 28, the same day inline core PCE inflation data met consensus expectations AND multiple White House sources reported a new, tentative 60-day Iran War cease fire. ~This episode is sponsored by Uphold~ Uphold Staking ➜ https://bit.ly/UpholdXRPCard Guest: Evan Aldo Evan Aldo Youtube Channel ➜ https://bit.ly/EvanAldo 20% off Evan Aldo Course ➜ https://bit.ly/EvanCourse ➜  Use code "paulbarron" 00:10 Sponsor: Uphold 00:50 Tom Lee: 3 phase market 02:00 Rate hike odds 03:00 Iran Deal Done? 04:45 Bitcoin analysis 06:15 CNBC: 100bps incoming 08:40 CLARITY bill 2030? 10:00 Joseph Chalom: ETH burn thesis is just staring 11:15 Ethereum analysis 13:50 SpaceX IPO 15:00 Tevis: SpaceX pump is deliberate 16:20 TESLA buy? 17:30 MSTR: buy, hold or sell? 19:00 HYPE trend 21:20 Perps supercycle on SOL #Crypto #Bitcoin #Ethereum ~Massive Rate Hike?

Markets are navigating a complex mix of persistent inflation, steady growth, and evolving Fed leadership. Recent data shows elevated PCE inflation alongside a modest GDP revision, keeping policy expectations fluid. While rate cuts appear unlikely in the near term, the possibility of tighter policy remains on the table. Equity markets continue to reach new highs, though leadership has narrowed, raising questions about sustainability. Meanwhile, geopolitical developments and energy prices remain key inputs for investors assessing risk, positioning, and the durability of the current market backdrop. Continue the conversation at our upcoming Key Wealth National Call: 2026 Mid-Year CIO Update on June 9, 2026 at 1:00 PM ET. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 01:40 — Memorial Day recap and market setup for the week03:05 — FOMC minutes and shift away from easing bias05:00 — PCE inflation and GDP revision overview09:30 — Fed outlook and rate path uncertainties14:30 — Narrow equity leadership and market concentration risks Additional ResourcesRegister Now: Key Wealth National Call: 2026 Mid-Year CIO UpdateRead: The ABCs of 529 Plans Key QuestionsWeekly Investment BriefSubscribe to our Key Wealth Insights newsletterFollow us on LinkedIn

Ignacio Vacchiano, country manager en Iberia de Leverage Shares, analiza los índices en Wall Street, que marcan triple récord, la tecnología, que también está en máximos gracias a las grandes subidas de Snowflake y Dell y como Anthropic ha superado por primera vez en valoración a Open AI. “El mercado está mirando al lado geopolítico y está ignorando el dato de PCE”, afirma el invitado. La jornada de ayer estuvo marcada también por el dato de inflación de abril, que se dispara hasta el 3,8%. Es el mayor aumento desde mayo de 2023. “Yo creo que es un dato negativo, aunque fuera un poco en lo estimado y como que el mercado prevé o piensa que se va a parar en estos niveles y se soluciona el conflicto”, afirma el invitado. También destaca en after hours la subida del 40% en el after hours de Dell, después de publicar cuentas al cierre. Sus resultados superan las expectativas, sobre todo sus ingresos vinculados a la IA, que superan los 16.000 millones y suponen un crecimiento del 757% interanual. Además, supera previsiones con sus ingresos de 44.000 millones y su beneficio por acción de 4,86 dólares. El country manager en Iberia de Leverage Shares señala que “para todo el año ingresos daba un 16% más que los estimados medios, pero eso ha subido a un 40%” y que la subida “es exagerada cuando ya el valor había venido subiendo un 180% en los últimos 12 meses”. El foco también ha ido para Anthropic, que ha superado por primera vez en valoración a Open AI. Ha cerrado una ronda de financiación de 65.000 millones de dólares liderada por grandes fondos como Sequoia, Altimeter o Dragoneer. La operación eleva la valoración de Anthropic hasta los 965.000 millones de dólares. Sobre las salidas a Bolsa de estas tecnológicas señala que “puede hacer explotar el globo como pasó en el año 2000”.

En Capital Intereconomía, la Tertulia Capital analiza los grandes temas económicos, empresariales y políticos de la actualidad junto a David Henche, profesor de Estrategia en ICEMD/ESIC; José Luis Fernández Santillana, director de Estudios de USO y presidente de CEOMA; y Fernando Gómez-Calcerrada, abogado del despacho RLD. Entre los asuntos destacados, el espectacular ascenso de Anthropic, que ya roza el billón de dólares de valoración y supera a OpenAI en una nueva muestra del auge de la inteligencia artificial. También se analiza la multa impuesta por la Comisión Europea a Temu por la comercialización de productos ilegales, así como el aumento de la presión política sobre Pedro Sánchez tras solicitar comparecer ante el Congreso. En la Entrevista Capital, Mariano Valderrama Baca, responsable de análisis macro de Intermoney, analiza las claves del dato de inflación PCE conocido en Estados Unidos y las referencias de inflación que se publican hoy en España y Alemania. La conversación gira en torno a si estos datos respaldarán a quienes defienden una nueva subida de tipos por parte del Banco Central Europeo, las perspectivas para la reunión de junio y el difícil equilibrio entre control de la inflación y crecimiento económico. También se aborda la próxima salida de Luis de Guindos y el legado que deja en la institución. La jornada se completa con el análisis de preapertura de las bolsas europeas junto a Jesús Sánchez Quiñones, director general de Renta 4 Banco.

In this episode of WealthVest: The Weekly Bull&Bear, Drew and Tim discuss updates on the Iran war, PCE, dueling consumer confidence surveys, and Goldman Sachs's S&P price target. WealthVest is a leading wholesaler of fixed, fixed-indexed, and registered index-linked annuities to financial professionals. We're a partner to thousands of advisors by providing annuity planning technology, retirement income planning, practice management, market and industry trends, and annuity case management. Our team of dedicated wholesalers and annuity case managers helps advisors provide the best annuity outcomes.Hosts: Drew Dokken, Tim PierottiAlbum Artwork: Matt LueckShow Editing and Production: Matt LueckDisclosure: The information covered and posted represents the views and opinions of the hosts and does not necessarily represent the views or opinions of WealthVest. The mere appearance of Content on the Site does not constitute an endorsement by WealthVest. The Content has been made available for informational and educational purposes only. WealthVest does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Content.WealthVest does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any Content. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. Investment and investing involves risk, including possible loss of principal. Hosted on Acast. See acast.com/privacy for more information.

New home sales slid and core PCE came in-line with expectations Thursday morning, though the latter metric remains higher than expected compared to recent months. Kevin Green explains how all the economic data plays into consumer and stock market health. On international movers, KG highlights the lasting impacts the U.S.-Iran War has on crude oil as futures move above $90 once again. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

SUMMARY DEL SHOW Futuros con ligera presión antes del PCE, con el crudo repuntando por nuevos incidentes en Ormuz y la narrativa volviendo a energía, tasas y Fed. $SNOW se dispara tras cerrar un acuerdo a cinco años con AWS para asegurar acceso a Graviton, una señal de “capacidad garantizada” en plena explosión de demanda por AI. Drones se recalientan por el plan “Drone Dominance” y $CVS decide volver a cubrir Zepbound de $LLY en parte de sus listas, subiendo la competencia frente a $NVO.

In this Dividend Cafe market update, Brian Szytel reviews a rotation day where the Dow rose 182 points while the S&P 500 and Nasdaq were flat, with the 10-year yield around 4.48% and Brent crude down nearly 5%, easing inflation and rate expectations amid ongoing US-Iran deal speculation. With little new economic data ahead of a heavier slate tomorrow (including PCE), he compares today's AI-driven enthusiasm to the late 1990s internet boom, noting similar multiple expansion themes and index concentration, but also differences in valuations and how closely recent market returns have tracked earnings growth after the 2022 selloff. He urges vigilance as the bull market matures and argues dividend growers have historically outperformed on a risk-adjusted basis, supporting a “both/and” portfolio that combines dividend growth with reasonable AI exposure. 00:00 Welcome 00:21 Market Snapshot Today 00:55 Quiet Economic Calendar 01:11 Late 90s vs Today 01:59 Valuations and Returns 03:09 Cycle Risks and Vigilance 03:51 WSJ Question on Dividends 04:20 Why Dividend Growers Win 05:39 Both And Portfolio 06:28 Conclusion Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

As the S&P 500 (SPX) hits a record high, Charles Schwab's Joe Mazzola believes there's room for a higher run. A surge in call options activity, backed by strength in key sectors, serve as key arguments to Joe's bullish thesis. He notes a hot PCE print later this week will become a roadblock should it manifest. Michelle Gibley says semiconductor stocks remain in a cyclical trend not just in the U.S., but also overseas in economies like Taiwan and South Korea. Those countries also face similar concerns as the U.S., particularly in rising inflation. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Guy Adami and Dan Nathan discuss an S&P 500 pressing all-time highs amid sticky inflation, a 10-year yield around the mid-4% range, and low near-term volatility despite an upcoming Fed meeting and PCE data. They review mixed retail signals (strength at higher-end brands versus Walmart's margin pressure and a strained lower-end consumer), debate the market's resilience, and focus on AI: Nvidia's explosive growth and concerns that soaring usage-based AI costs could challenge the “sanctity” of big-tech CapEx, alongside critiques of Meta layoffs and skepticism about SaaS firms overpromising AI. Guy then interviews Darrell Crate of Easterly, who outlines structural volatility, demographic-driven retirement needs, and hedged equity demand, argues small caps benefit from innovation, and describes Easterly Government Properties as a mission-critical government-lease REIT with an 8% dividend, no canceled leases, a $1.5B pipeline, and potential tailwinds from government efficiency initiatives and GSA changes. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

週一天下零時差關注以下財經大事： 一、主計總處本週公布最新經濟預測，成長率會比去年高嗎？ 二、美國公布最新PCE指數，將是美聯準會下半年利率決策風向球。 三、美股續創新高，為何美國消費信心疲軟，對經濟有何影響？ 文：蔡娪嫣、郭家宏 製作團隊：李洛梅、張雅媛、鄭子鴻 ＊閱讀零時差，點這看全文

Feeling like you need perfect stats, thousands of PCE hours, and a flawless CASPA app to get into PA school? In this episode, we're breaking down why getting accepted is MORE about strategy, school matching, and building the strongest version of YOUR application — not being the “perfect” applicant.Application to Acceptance ENROLLING!! Inside A2A, we walk you through every step of creating your strongest, most competitive CASPA application!Every step of putting together your strongest, best PA school application:Choosing the right PA schools for YOU and YOUR stats (even if you have a low GPA or weakness)Writing your most compelling personal statementCASPA Experience Paragraphs Templates - plug-and-play templates to write strong experience paragraphs that highlight YOUNEW!! Personal Statement Theme + Outline Creator Tool - discover your strongest themes AND get an outline of exactly what to write unique to YOUInterview course + MMI + Traditional Q&A WorkbooksSupplemental essays, AI and technology essay, and life essayTemplates for emails of continued interest to PA schools, LORs and so much more!Direct access to us in a private A2A group for anything that comes up throughout your cycleJoin A2A hereKeep up the amazing work, future PA!Katie + Beth

En el episodio de hoy de VG Daily, Juan Manuel de los Reyes y Andre Dos Santos abren con la última actualización del conflicto entre Estados Unidos e Irán, donde las negociaciones avanzan con mediación pakistaní pero los dos obstáculos principales siguen sin resolverse.Lenovo reportó resultados récord para el cuarto trimestre y el año completo de su FY2025/26, con crecimientos pronunciados en revenue, utilidades ajustadas y en su segmento de infraestructura AI; los hosts analizan el reporte y lo ubican dentro del ciclo de inversión en inteligencia artificial. Luego revisan el estado de la temporada de resultados del S&P 500 con 472 compañías ya reportadas, repasando las sorpresas por sector. El episodio cierra con un vistazo al calendario macro de la semana del 26 de mayo, dominado por el jueves 28 y la publicación del PCE, en el contexto del reciente relevo en la presidencia de la Reserva Federal con Kevin Warsh.

This week, after a sharp rise in global bond yields, we await key inflation data in the US and Euro area, and discuss the fallout in Asia. We preview US core PCE and Euro area inflation, discuss a change in our Fed forecasts, and update on UK politics. In Asia, we preview decisions by the BOK and RBNZ, as well as core inflation in Singapore. And, in a special segment, Albert Leung, our Head of Asia rates strategy, discusses rising global bond yields and opportunities in Asia. Chapters: US: 2:10; London: 11:02, Asia: 16:50; Special Market Segment: 23:51

Brian Szytel recaps a positive market turnaround from Miami Beach after Hightower leadership meetings, with the Dow up about 280 points, the S&P up ~15 bps, and the Nasdaq up ~10 bps; year-to-date, the Dow is up ~5%, the S&P ~9%, and the Nasdaq ~13%. Rates were little changed with the 10-year around 4.56%, and WTI oil was slightly down amid reports of a potential Saudi-linked development in the Iran conflict. He discusses persistent core inflation across CPI, PPI, and PCE as demand growth outpaces supply growth alongside rising money supply, while maintaining the thesis of a 1% real Fed funds rate but with higher inflation expectations (now ~2.5–3%) implying a higher terminal Fed funds range. Economic data included slightly better housing starts (~1.5M), in-line jobless claims (209K), strong flash manufacturing PMI (55.3), and slightly softer services PMI (50.9), and he explains why markets focus on results versus expectations. 00:00 Welcome and Updates 00:52 Market Close Recap 01:44 Inflation and Fed Outlook 03:32 Today Economic Data 04:30 How to Read Data 05:33 Wrap Up and Thanks 05:53 Disclosures Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Your letters of recommendation are the ONLY part of your CASPA application where someone other than you gets to vouch for who you are — and most pre-PAs don't realize these can make or break whether you get PA school interview invites.In this episode, we break down the 5 letter writers who will actually get you interviews, the people you should NEVER ask (even though you really want to), and exactly what to do when a letter writer goes silent on you before your submission deadline. Plus — the backup plan every applicant needs to have in place BEFORE they submit CASPA.If you're applying this cycle or next, this is the episode that saves you from a lukewarm letter (or a full CASPA application meltdown).___________________________________Grab our FREE Map to PA School mini-course — it walks you year by year through exactly what to do during freshman, sophomore, junior, and senior year of undergrad to set yourself up for a competitive PA school application. From GPA strategy to PCE planning to building the professor and PA relationships that lead to powerhouse LORs — it's all mapped out so you're never guessing.

Welcome back to another episode of Money Moves! Despite rising bond yields and inflation fears, the stock market is ripping to new all-time highs. Hosts Matty A. and Ryan Breedwell are here to break down this massive macroeconomic divergence and explain why the "haves and have-nots" dynamic is reshaping the financial landscape.In this episode, the guys discuss the recent crypto relief rally, the timeline for mass institutional adoption with the upcoming "Genius Act," and Charles Schwab's rollout of direct spot trading. Plus, with Kevin Warsh preparing to take over the Fed, Ryan doubles down on his July rate cut prediction. Finally, they dive into the housing market's latest data, revealing why the median age of first-time homebuyers has hit a record 40 years old.Episode HighlightsCrypto's Next Era: Bitcoin's push past $81k, why leverage caused crypto to lag the broader market rally, and how the expected "Genius Act" could trigger massive institutional holding by 2027.The Stock Market Defies Gravity: Why equities are hitting all-time highs despite the 10-year Treasury climbing back above 4.4% and core PCE inflation running hot at 3.2%.The New Fed Chair: Analyzing the transition from Jerome Powell to Kevin Warsh and why Ryan is still betting on a July rate cut to fuel the bull market.Real Estate Distress & Demand: Foreclosures are rising, yet buyer demand remains. A deep dive into the cost of renting vs. buying and the psychological shift in younger generations regarding the "American Dream."ETF vs. Stock Picking: Ryan's strategy for building a rock-solid portfolio using broad market ETFs to balance out high-risk individual stock picks.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555FREE Financial X-Ray: Text  "XRAY" to 844-447-1555IIMAGOS INCOME FUND: Full Investor Presentation: Text “INCOME” to 844-447-1555

Dan Nathan speaks with David Rosenberg about a market week packed with tech earnings, GDP, PCE, the Fed, oil above $100, and a sharp USD/JPY move. Rosenberg argues the U.S. economy is K-shaped, with Q1 GDP growth heavily driven by AI-related tech capex while non-tech business investment contracts, and consumer spending exceeding flat-to-negative real disposable income mainly due to a falling savings rate, wealth effects at the high end, and credit reliance at the low end amid rising delinquencies. He says most sectors are losing jobs, productivity has driven nearly all recent growth, and an oil price shock is a supply-side tax likely to weaken demand rather than create sustained inflation. They discuss a divided Fed under new chair Kevin Warsh, high market concentration, extreme valuations with a near-zero equity risk premium, and whether yen moves or oil are bigger risks for equities. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media