US jobs totally crushed expectations in May (+172K vs 88K est) so now all eyes are on inflation. Wednesday's CPI is expected to hit 4.2% — highest in over 3 years. Core CPI (minus food & energy) might be 2.9% YoY and 0.3% MoM vs April's 0.4% — a small break for the Fed.
ECB
A reporter asked Trump about $8,000 NBA Finals tickets being out of reach for most people. He just said you can watch on TV, which is basically free. That's just how it is.
$LULU dropped 10.5% after cutting full year revenue and earnings guidance, way below expectations. I've been skeptical for a while—CEO turnover every few years, Chip Wilson's drama with the board, and tough competition from Vuori, Alo, and Skims with basically the same stuff.
Just in: MicroStrategy ($MSTR) now sitting on a record unrealized loss of -$12.7B from its Bitcoin stash. That puts them down -$28B over the past year alone. Yikes 😬
@daniel7891300 Broadcom weighing down tech but the old economy names are keeping things interesting. Hard to get a clear read when the averages tell different stories.
@cmeowmeow69 I get the hype around space stuff but 900% in a year feels more like a speculative bubble than a real industry maturing. Curious how long this lasts.