Midyear Market News: 'Unusual' Stock Rally and Today’s Sticky Inflation

In today’s episode, Tom Lauricella, Morningstar Inc’s chief markets editor and Smart Investor newsletter editor, talks about the hype versus reality in the AI boom and the optimism about a soft landing.  Timestamps00:00 Introduction00:31 The Fed Holds Rates Steady01:39 Bank Failures02:31 Jerome Powell’s Thoughts On Inflation03:26 Outlook For Interest Rate Cuts04:25 Are We in a Bull Market?05:20 Concentrated Stock Markets07:08 AI and the Stock Market Rally 08:13 Look Under the AI Hood09:04 Bonds in 202310:24 Bond Investors Looking for High Yields11:35 Market Takeaways for 2023 Read about topics from this episode.  May CPI Report Suggests Inflation Is Turning a Corner https://www.morningstar.com/markets/may-cpi-report-suggests-inflation-is-turning-cornerStrong May Jobs Report Shows Any Recession is Still Out on the Horizon https://www.morningstar.com/markets/strong-may-jobs-report-shows-any-recession-is-still-out-horizonFed Meeting Preview: Will Powell Unveil a Rate-Hike Pause or a ‘Skip’? https://www.morningstar.com/markets/fed-meeting-preview-will-powell-unveil-rate-hike-pause-or-skipU.S. Stock Market Outlook: June 2023 https://www.morningstar.com/markets/us-stock-market-outlook-june-20235 Charts On the Super Concentrated Stock Market https://www.morningstar.com/markets/5-charts-about-super-concentrated-stock-marketWhat Is Bitcoin Worth? https://www.morningstar.com/alternative-investments/what-is-bitcoin-worthBlackRock’s Rieder: Grab High Yields on Super-Safe Bonds While You Can https://www.morningstar.com/markets/blackrocks-rieder-grab-high-yields-super-safe-bonds-while-you-canRegulatory Limbo Likely for Coinbase as SEC Brings Charges https://www.morningstar.com/stocks/sec-brings-charges-against-coinbase  What to watch from Morningstar.Gain From the Weight-Loss Trend With These Stocks https://youtu.be/MwxQTNZ2L5wDouble Trouble: How the Dot-Com and Tech Bubbles Compare https://youtu.be/4_mP4nftQssWhat to Do as Recession Fears Grip Investors https://youtu.be/F-hCrdpxWKIJust Where’s the U.S. Economy Headed? https://youtu.be/IiZGjhUcPoE  Read what our team is writing:Ivanna Hampton https://www.morningstar.com/authors/2399/ivanna-hamptonTom Lauricella https://www.morningstar.com/authors/1953/tom-lauricella Follow us on social media.Ivanna Hampton on Twitter: @IvannaHamptonFacebook: https://www.facebook.com/MorningstarInc/Twitter: https://twitter.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.