Welcome Back,

Powell back on the mic!

Together with 🤝🏽

Market Headlines 👀 

• US Federal chair Jerome Powell says consecutive rate hikes are not off the table.

• Nvidia (NVDA) US is planning new AI chip export controls aimed at Nvidia.

• Y Combinators latest batch of startups includes 35% AI startups.

• United Airlines (UAL) CEO blames the FAA for the numerous flight cancelations the company faced in the east coast last few days.

• Joby Aviation (JOBY) receives nod from FAA to begin testing of electric air taxi.

• Lucid Motors (LCID) CEO says recent deal with Aston Martin is just the beginning as it plans to license its technology to others as well.

Earnings 💸

• Micron (MU)

  • EPS: $-01.43 beats (exp. $-1.58) $

  • Revenue: $3.75b beats (exp. $3.65b)

• General Mills (GIS)

  • EPS: $1.12 beats (exp. $1.07)

  • Revenue: $5b misses (exp. $5.2b)

S&P 500 Heat Map

A Note From Unlimited Funds

Bob Elliott, a former investment committee executive from Bridgewater Associates, has moved into his newest venture - Unlimited Funds, a startup ETF issuer. The firm’s mission is to help investors access returns of sophisticated investment strategies. A prominent voice in the financial community on Twitter, Bob will provide research and insights through the month in this section daily.

Lessons From Volcker's Inflation Fight: This inflationary cycle feels new to many investors, but it's a challenge the Fed has faced before. Lessons learned back then are a better guide than parsing Powell’s word’s today. While Volcker eventually beat inflation, it was much more difficult than most investors today understand.

Further analysis — > Read more !

Recap Around the Street 🧠

Summary of Powell’s comments today at the ECB forum held in Portugal.

Market Preview 🎞️

• Thursday, June 29th: US initial weekly jobless claims; GDP report; Pending home sales

• Friday, June 30th: Personal income and spending (PCE); University of Michigan sentiment and inflation expectations

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

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.