The streak breaks on a hot CPI.
Markets · Weekly briefing
The streak breaks on a hot CPI.
The 9 week winning streak ended. A May CPI at a three-year high, Oracle's capex shock and renewed Iran strikes broke the melt-up; the chip selloff that began the week before deepened. The ECB hiked. All eyes now turn to the Warsh Fed and a wall of central-bank decisions in the week ahead.
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