Monday Market Open

Dear Winner,

Another Monday strikes again. Look nobody likes Mondays. I for sure don’t and if I met someone who did, I probably wouldn’t like that dick either. We miss the ecstasy and good times of the weekend.

But look, here we are, nothing we can do about that now. Lets rally. My job is to serve you up what you’ve missed, and need to know to NAIL THE WEEK.

So hopefully, when next Monday comes around, we are all in a better place.

Lets GO!

Market Indices & Commodities

News
The Recap

In case you missed it, forgot, overslept, drank too much, were traveling, or whatever the case may be…

• Nvidia’s trillion dollar valuation, puts the company just above Apple🔥

• Gamestop tanks by almost 40%, after roaring kitty spark ⚡️ 

• Singapore’s largest money laundering scandal, $3 billion in cash and assets seized 💸

• New Texas stock exchange aims to battle New York 🐂

• Israel said it rescued four hostages held in Gaza on Saturday morning, in a complex operation that jolted the war effort 🔊

• European elections took place across Europe last week 🇪🇺 

Graph of the Day
What would we do without Nvidia ?

News
This week

Another big week of earnings, news, economic data, events, the whole 9 yards. Get the scoop on what is important to know for this week.🎯

• Monday - is as dead as it comes, not much to report. 😵 

• Tuesday - Oracle (ORCL) earnings., UK unemployment data, unemployment rate to hold at 4.3% and average earnings to rise 5.5% for the 3 months to April 🇬🇧 

• Wednesday - China CPI (May): prices expected to rise 0.3%, UK GDP (April): growth to be 0.2%, US CPI (May): prices expected to rise 3.4%, Fed rate decision: rates expected to be held at 5.5%, Broadcom AVGO earnings. 🎯

• Thursday - Adobe ADBE earnings, US PPI, initial jobless claims: Claims expected to fall to 227K from 229K. 📉

• Friday - Michigan consumer sentiment: index to rise to 70 from 69.1, BoJ (bank of Japan) rate decision: no change expected 📰

⭐ All eyes will be on Wednesday’s events. While the FOMC is not expected to change policy, the press conference could shed further light on how the committee expects policy to evolve in coming months.

Now You Know 
Central banks begin easing cycle

Since all eyes will be on the Feds decision on Wednesday, I thought I get you up to date with whats been going on around it.

Last week, the Bank of Canada lowered its interest rate from 5% to 4.75%, making it the first G7 (United States, Canada, France, Germany, Italy, Japan, and the United Kingdom (UK) central bank to ease its policy. The next day, the European Central Bank followed by cutting its key rate from 4% to 3.75%. This was seen as the beginning of a gradual cycle to cut rates FINALLY.

However, Both banks stressed that future decisions will depend on economic data, taking a cautious approach. Which I translate to don’t get your hopes up, we can do what we fucking like! Which I have come to expect from these guys.

This week, the U.S. Federal Reserve is expected to keep its rate steady at 5.5%, the highest since 2001. Since March, the Fed has indicated that rates will remain high for longer due to unexpected inflation and a steady economy.

On a Global scale though the outlook seems positive. Interest rates have likely hit a peak for this cycle and will gradually move lower as various central banks pivot to rate cuts this year. While there is no urgency, people think that the Fed won't be far behind in starting to normalize policy. Word on the street is September is the magic month.

And if you are wondering well what impact will the cut of rates have on me? Good question. The biggest for us all, even non US citizens is that rate cuts promote broad economic growth and corporate profits., which help investors make more money and boy I know you love that!

Thank you  
That’s all Folks

Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.

Cheers,