Filmed on June 30th, Ryan Mumy and Justin Greenhill walk through the charts shaping markets right now, from rising inflation measures to a semiconductor sector that keeps climbing.
In this episode:
- Core PCE inflation ticking higher even as it stays below 2022 peaks
- Consumer spending accelerating despite falling sentiment and higher prices
- Fed funds futures swinging from pricing cuts to pricing a hike
- Leveraged ETF assets surging to record levels across major sectors
- Chinese AI models rapidly closing the gap with US leaders
- Semiconductors posting their best quarter ever, now 18% of the S&P 500
- Triple-leveraged semiconductor ETF assets spiking to new highs
- Mag Seven trading volume waning as capital rotates into semiconductors
- Buyback blackout period arriving as mega caps shift toward share issuance
- Two-year Treasury yield climbing above the Fed funds rate
- Oil prices erasing the entire Iran conflict risk premium
- Precious metals giving back much of this year's early gains
