CPI today 📊
PPI tomorrow
SpaceX IPO on Friday 🚀
Warsh’s first interest rate decision next week
OpenAI & Anthropic IPOs coming
Earnings season kicks off mid-July
So much macro stuff hitting the market right now
But I still think it holds together until earning
CPI drops in 3 hours.
I don't think the market is expecting it to be neutral or cooler.
Seems like most folks have already priced in a miss.
A little hotter than expected? Probably won't cause a big sell-off.
Bill Ackman just broke down how he'd think about investing in SpaceX using that classic Harvard method.
People, Opportunity, Context, Deal.
Three out of four were already clear:
People: “SpaceX is one of a kind.”
Opportunity: “One of a kind.”
Context: “Amazin
Big news: Central banks bought 17 tonnes of gold in April, the 2nd monthly purchase this year. That's a total turnaround from March when they sold 30 tonnes, mostly from Turkey and Russia.
Poland bought the most, adding 14 tonnes to hit 595 tonnes total. Their 2025 purchases