Republic Risk: So… About That Court Case

We're ending May on a positive month, with Danaos Corp. (DAC) up nearly 23% in May.

Equity Storm Watch Is YELLOW on the S&P 500 and YELLOW on the Russell 2000

Futures are cheering the news that the PCE Inflation figure met expectations. Gold prices firmed on the news, and Bitcoin got a tad of a bump. Core PCE came in at 0.2% monthly, increasing by 2.8% annually. The latter was just slightly above economists’ expectations. Overall, it was a very positive month for stocks, especially in the technology sector. But June now looms with the Fed meeting approaching, a jobs report next Friday, and lots of focus on politics heading into the election season.

What to Do Today: This will be a very important month, so it’s an excellent time to focus on " Working " stocks.” If you haven’t allocated to the Model Portfolio, we’ll discuss how to approach it on Monday with the release of our latest pick. But don’t shy away from other companies that will join our watch list today, like Yelp (YELP), Zoom (ZM), and anything with far less downside than dramatic upside.

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