Inflation Cools, Fed Signals One Hike, S&P Hits Record High

MRKT Matrix - Wednesday, June 12th S&P 500 closes above 5,400 for the first time as Fed notes ‘modest’ inflation progress (CNBC) Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates (CNBC) Apple’s stock is about to achieve a feat not seen in 16 years (MarketWatch) After Apple Surge, Market Concentration Is Only Getting Worse. It’s Not a Problem—Yet. (Barron’s) Tesla Investors to Decide if Musk Deserves $45 Billion Payday (NYTimes) Oil’s last ‘hurrah’ is coming. Here’s the commodity investors should be buying instead, says Citi (MarketWatch) Caterpillar Hikes Quarterly Payout and Boosts Share Buyback Plan (Bloomberg) GitLab, DocuSign: Two Software Companies That May Not Stay Public for Long (The Information) Watch Today's MRTKT Call (YouTube) U.S. Travelers Can Renew Their Passports Online Starting Today (WSJ) --- Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Learn more about your ad choices. Visit megaphone.fm/adchoices