Republic Risk: An Update on Gravity and Our Outlook This Week
Our May pick surged 12% on Friday.
Equity Strength: Green on the S&P 500 and Green on the Russell 2000
Stocks remain very strong with the ongoing expansion of liquidity in the system. The critical focus this week should center around the oil sector. Although Brent crude hovers near $83 as we prepare for the CPI figure, we want to keep a close eye on OPEC+. The global oil cartel will release a critical report ahead of a summer decision on whether to start culling production cuts from their plans.
What to Do Today: Set whatever stops you have in place and prepare for this week’s Consumer Price Index. The market has a habit of getting out in front of itself and celebrating the prospect of interest rate cuts. Now that we’re back near an all-time high, fear is creeping back into the narrative.
------------------
Dear Fellow Expat:
I shouldn’t have eaten the oysters or the crab soup. Now, I’m dealing with a stomach ache that has me sideways for a bit. I’m gonna need to get better quickly. There’s a lot of work to do on a proj…
Keep reading with a 7-day free trial
Subscribe to Me and the Money Printer to keep reading this post and get 7 days of free access to the full post archives.