Are Stocks Due For A Summer Setback?

Written By Timmy Adami

June 26, 2024

MRKT Call - June 26th

  • S&P 500 inches higher for a second day as tech shares gain (CNBC)

  • Nvidia CEO Jensen Huang addresses rising competition at shareholder meeting after historic stock surge (CNBC)

  • Apple shares will rally to $260 as company beats Android in AI race, Rosenblatt says (CNBC)

  • Citi strategist says stocks may be due for pullback because of too-high earnings expectations (CNBC)

  • Volkswagen to Invest Up to $5 Billion Into EV Maker Rivian (WSJ)

  • The next inflation-cooling force (Axios)

  • US new home sales slump; supply at more than 16-year high (Reuters)

  • Yen’s Relentless Slide Showcases Fed’s Grip on Global Markets (Bloomberg)

  • Bond Traders Boldly Bet on 300 Basis Points of Fed Cuts by March (Bloomberg)

Timmy Adami
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