Someone once asked Milton Friedman what causes inflation.
He didn't blame consumers, producers, unions, foreign countries, or oil imports.
Instead, he pointed at one thing: too much government spending creating too much money.
As he put it: “Inflation is always and eve
CPI report today 📊
PPI numbers tomorrow
SpaceX IPO set for Friday 🚀
Warsh's first rate call next week
OpenAI & Anthropic IPOs on deck
Earnings season kicks off mid-July
So much macro stuff hitting the market right now 🧠
Still, I think it'll hold steady until earn
CPI drops in 3 hours.
I don't think the market's bracing for it to land in line or cool off.
Seems like a miss is already priced in.
A little hotter than expected? Probably not gonna cause any big sell-off.
$AAOI shook off a bunch of longs along the EMAs today and closed right on the 50DMA
Weak market means looking lower for a better risk vs reward entry
I've been sitting back watching this name and it might offer a solid r/r entry near $160 tomorrow
On watch !!!
Most people will spend this Tuesday evening scrolling through Netflix, doing nothing that actually matters.
But a few traders will spend it learning how I've stayed profitable for 16 years straight.
• How I read the market right now
• My thoughts on the summer months
Big news: Trump says his admin might buy stakes in US AI companies. Plus, he’s planning to meet with AI execs as early as next week, according to Reuters.
Chip stocks had their worst day since March 2020. The iShares Semiconductor ETF ($SOXX) fell 10%.
Market drops:
- Nasdaq: -4.18% (worst since April 2025)
- S&P 500: -2.64% (first down week in 10)
- Dow: -1.35%
Chip makers took a hit:
- Broadcom: -8%
- Marvell: -16%