Inflation just hit 4.2%. A 3-year high, and the market doesn't like this number.
So we asked Lattice's Prism AI what a 4.2% inflation reading actually means for your portfolio. Here's what it said.
$NVDA $MSFT $TLT $SPY
@KobeissiLetter The issue isn’t always “jobs are disappearing.” It can be that labor-market churn is collapsing: firms aren’t hiring much, but they also aren’t firing much. That keeps unemployment stable while making the job market feel awful for new entrants, switchers, and laid-off workers.
The AI trade is getting stress-tested this week.
May CPI came in at 4.2% year over year. Inflation is still running hot, keeping higher-for-longer Fed fears alive. Tech and AI stocks have been under pressure after a big run. And tonight SpaceX is expected to price its IPO at $135 per share, $75 billion raise, $150 billion in demand, ahead of Nasdaq trading tomorrow.
At the same time OpenAI and Anthropic have both filed confidentially for US IPOs. The biggest private AI companies in the world are all coming to public markets at once, right as the stocks already trading on AI optimism are starting to wobble.
That's either the next leg of the AI boom. Or a sign that too much capital is chasing the same trade at the same time.
Which is it? AI breakout or AI bubble? Where do you stand right now?
#AIStocks #SpaceX #Inflation #Investing #Lattice #WallStreet
The market’s hiding place is showing up clearly.
Healthcare and utilities are green over 1 week while the Nasdaq is down nearly 6%.
Is this just defensive positioning before CPI/Fed, or a bigger leadership change?