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Friday, June 27th
“The foundation of empire is art and science. Remove them or degrade them, and the empire is no more. Empire follows art and not vice versa as Englishmen suppose.”
-William Blake
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Up
⚡Crypto: Down
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Major Market Events
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UAE fund buys $100 million of Trump’s World Liberty tokens. The Trump trade is hot!
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Key inflation gauge rose last month. Americans are cutting back on spending
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Nvidia breakout puts $4 trillion market value within reach. Does Nvidia deserve to be the most valuable stock in history?
🤔 My Thoughts
Markets are ticking up despite some bad inflation news, as prices rose more than expected this month.
“The “core” Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.7% on an annual basis, above the 2.6% economists had expected and higher than the 2.6% seen in April. The April reading was revised higher to 2.6% from an originally reported 2.5% increase.”
So despite flirtations with all-time highs… there may be cracks forming in the nosebleed big tech sector…
Especially for one of the Magnificent 7 that may not be magnificent for much longer…
I’m going live today at 1 PM EST to share the ticker and a powerful trade for betting against it and you can watch for free right here.
To Better Trading,
Alex Reid
