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Market Headlines 👀 

• US CPI estimates from the street can be found below, 3.4% YoY is what the market is expecting ahead of the report on Wednesday morning.

• Apple (AAPL) announces AI features and updates at its annual WWDC event, starting with Apple Intelligence.

• Apple (AAPL) announces they will partner with OpenAi to directly embed ChatGPT into your Iphones.

• Crowdstrike (CRWD) S&P announced Crowdstrike will be joining the S&P 500 later this month, stock hit all time highs today.

• S&P 500 (SPY) continues to rally hitting a fresh record high again today.

• Nvidia (NVDA) 10-1 stock split went into effect today, shares closed 1% higher.

A note from Ryse 📣

Only a couple days left to invest in this smart home startup.

The ball-park isn’t the only place to look for home runs. Best Buy has a proven record of placing early bets on home-tech products that go on to dominate the market.

• Ring - acquired by Amazon for $1.2B

• Nest - acquired by Google for $3.2B

Early investors in these companies are sitting on some serious returns - but for the rest of us, there's still a chance to get in on the action with RYSE.

History tends to repeat itself, and RYSE's launch in +100 Best Buys points towards their company being the next home run.

Their Smart Shade tech is poised to dominate an industry growing at 50% annually, and there's still time to invest in their $1.50/share public offering.

The window to invest is closing - learn more here.

S&P 500 Heatmap 🔥 

Newsletter recommendation 📣

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Recap Around the Street 🧠

US CPI estimates from the street below:  

Wage growth ticked higher in May, challenging the notion of continued wage growth moderation, and thus inflation moderation. This uptick in wages could be the result of statistical effects as well, with extra days included in the reporting period, which could have made wages look hotter. Regardless, wage growth remains above its pre -pandemic range, when inflation was running at the Fed’s 2% target. This stronger wage growth is good for the consumer in the short run, as sticky inflation has caused real wage growth to stall, weighing on consumer sentiment (though not necessarily on consumer spending, as overall personal consumption remains in a healthy uptrend).(Contributed by Cameron Dawson, CIO at NewEdge Wealth).

iOS 18 updates announced today at Apple’s WWDC event:  

Market Preview 🎞️ 

• Tuesday, June 11th: NFIB small business optimism

• Wednesday, June 12th: MBA mortgage applications; US Federal Reserve FOMC meeting and rate decision; Cost producer index (CPI)

• Thursday, June 13th: Weekly jobless claims; Price producer index (PPI)

• Friday, June 14th: University of Michigan consumer sentiment

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That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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