WS #10700
May PCE report seen as peak inflation for this mini-cycle, with crude oil collapse from ~$100 to ~$70 and Cleveland Fed nowcast pointing to June headline PCE cooling to 3.9%. Apple shares plunge after price hikes, Microsoft hits 52-week low, Nike down 75% from peak, NVDA dark pool alert of $129.7M, MSTR drops below $90.
Peak inflation narrative
May PCE report seen as peak inflation for this mini-cycle, with crude oil collapse from ~$100 to ~$70 and Cleveland Fed nowcast pointing to June headline PCE cooling to 3.9%.
Apple shares plunge after price hikes, Microsoft hits 52-week low, Nike down 75% from peak, NVDA dark pool alert of $129.7M, MSTR drops below $90.