MARKET DAILY

Market 06/25: Sell Big Tech, Buy Semi

PCE meets forecasts, Q1 GDP shows shift in economic structure

In case you missed our best recent articles:

Key Headlines:

  • Oil tanker attacked in Hormuz

  • Q1 GDP final revision up to +2.1%

  • May PCE inflation hits 3-year high

  • Personal income catches up with spending

  • May durable goods orders better than expected

  • Weekly jobless claims remain stable

  • $44 billion 7-year Treasury auction stable

  • 32 major US banks pass Fed Stress Test

  • Apple to significantly raise product prices due to chip costs

  • Micron: Results blew past all forecasts

  • Market: The difference between those writing the checks and those receiving them

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