How to Get Pre-IPO Exposure to SpaceX
What’s in Today’s Report:
- How to Get Pre-IPO Exposure to SpaceX
Futures are modestly lower as NVDA earnings met expectations while markets await news on the ceasefire.
NVDA results were strong but not perfect (small miss on data center revs) and the stock is flat overnight.
Economically, EU and UK May flash PMIs signaled stagflation, with weak growth (sub-50) and high prices.
Today markets will continue to watch the U.S./Iran headlines and any backtracking on yesterday’s “progress” will be a general negative.
Away from geopolitics, however, today is a busy day of economic data that will give us important insight into stagflation risks. Key reports toady include, in order of importance: Flash Manufacturing PMI (E: 53.5), Jobless Claims (E: 213K), Philly Fed (E: 15.0) and Housing Starts (1.410M). In general, solid results modestly above expectations are the best case for stocks. We also have one Fed speaker, Barkin at 12:20 p.m. ET, but he shouldn’t move markets.
Finally, on the earnings front, three notable reports today include WMT ($0.65), DE ($5.81) and WDAY ($1.17).
Stagflation or “Run Hot”
Between now and Labor Day, markets should get a much clearer answer on whether the economy is headed toward stagflation or a continued “run hot” environment of resilient growth and elevated inflation.
In this week’s Alpha webinar, we will build a practical “Stagflation vs. Run Hot Summer Scorecard” designed to help advisors identify which environment is developing beneath the surface of today’s market.
Subscribers receive:
- The key growth and inflation indicators to watch this summer
- The levels and signals that would point to stagflation vs. run hot
- Portfolio implications for stocks, bonds, and commodities
Start your zero-risk free trial of Sevens Report Alpha today and access the webinar and all our recent issues: Access the Full Webinar Here
