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🏘️ China's new homes demand to remain well short of 2017 peak, says Goldman Sachs: China's once-blazing housing market is now a lukewarm bath, with Goldman Sachs predicting demand will stay far below 2017's golden era. Developers are spooked, buyers are cautious, and ghost cities are still waiting for ghosts. It’s less “build it and they will come,” more “built it, and…crickets.” Read more

💰 America headed for 'economic heart attack' due to government debt, spending, warns billionaire: Billionaire Stanley Druckenmiller just rang the alarm bells, warning that America’s ballooning debt could lead to an “economic heart attack.” He blamed runaway entitlement spending and interest payments, suggesting politicians need a dose of fiscal broccoli. But hey, nothing says economic recovery like a $34 trillion tab. Read more

🪙 BOJ board agreed to continue rate hike path, though some members supported a pause in May, meeting minutes reveal: The Bank of Japan is keeping rate hikes on the menu, but a few cautious members wanted a breather in May—because monetary policy is a fine wine that must be sipped, not chugged. The board agreed that inflation still needs to be tamed, but not everyone is ready to call last round. Basically, they’re raising rates... unless they don’t. Read more

⚡ Why electricity prices are surging for U.S. households: American households are getting shocked—literally and financially—as electricity bills climb thanks to extreme weather, aging grids, and fossil fuel prices playing tag. Some utilities are asking for rate hikes that feel more like rent increases. Pro tip: start charging your phone at Starbucks. Read more

🔥 Intense heat to push US power grid to limit this week: The Midwest’s power grid is bracing for a scorcher that could stretch it thinner than your Wi-Fi in a concrete basement. With ACs cranked and temps rising, officials are praying to the gods of grid stability. Plan accordingly—ice cream and fans are your new best friends. Read more

Monday

• Existing home sales (May)

• Fed speakers: Federal Reserve Governors. Christopher Waller, Michelle Bowman, Adriana Kugler, New York Fed President John Williams, Chicago Fed President Austan Goolsbee

• Key Earnings: FactSet, Commercial Metals Company, and KB Home

• More Data to Watch: S&P flash Purchasing Managers Index (PMI) (June)

Tuesday

• Consumer confidence (June)

• Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee

• Fed Speakers: Federal Reserve Gov. Michael Barr, New York Federal Reserve President John Williams, Boston Fed President Susan Collins, Cleveland Fed President Beth Hammack

• Key Earnings: FedEx, Carnival, TD Synnex, and AeroVironment

• More Data to Watch: S&P Case-Shiller home price index (April)

Wednesday

• New home sales (May)

• Federal Reserve Chair Jerome Powell testifies before Senate Banking Committee

• Key Earnings: Micron, Paychex, General Mills and Jeffries

Thursday

• Pending home sales (May)

• Fed Speakers: Federal Reserve Gov. Michael Barr. Cleveland Fed President Beth Hammack and Richmond Fed President Tom Barkin

• Key Earnings: Nike, McCormick, Walgreens Boots Alliance and Acuity

• More Data to Watch: Gross domestic product (GDP) - second revision (Q1), durable-goods orders (May), initial jobless claims (Week ending June 21), advanced U.S. trade balance (May), advanced retail inventories (May), and advanced wholesale inventories (May)

Friday

• Personal Consumption Expenditures (May)

• Fed Speakers: Federal Reserve Gov. Lisa Cook and Cleveland Fed President Beth Hammack

• Key Earnings: Apogee Enterprises

• More Data to Watch: Consumer sentiment - final (June)

So far, S&P 500 weekly price returns have remained normally distributed in June. Let’s see if that remains the case during the last full week of June trading.

🚕 Tesla launches robotaxi rides in Austin with big promises and unanswered questions: Tesla just dropped its robotaxi service in Austin, promising a future where your Uber driver is a computer that never asks “how's your night going?” But regulatory hurdles, safety doubts, and a shortage of functioning cupholders still haunt Elon’s AI chauffeur dreams. Basically, it’s innovation meets beta testing in real life. Read more

💸 Social Security's 2026 cost-of-living adjustment could be even smaller than this year's: The COLA in your Social Security check may be looking more like a splash than a boost in 2026. Slower inflation means smaller adjustments—so don’t expect your next raise to fund a cruise. Maybe just splurge on name-brand cereal. Read more

✈️ US to unveil sixth-gen 'wingmen' drones at Paris Air Show: The U.S. military is flexing at the Paris Air Show with its new sixth-gen “wingmen” drones—AI-powered sidekicks for fighter jets that make Top Gun look like a history documentary. These stealthy sky buddies are built for combat, recon, and probably reminding pilots to hydrate. Somewhere, Skynet is quietly taking notes. Read more

🤖 European leaders worry they're too reliant on U.S. tech: EU leaders are biting their digital nails over how much they depend on American tech giants to run their digital lives. From cloud storage to AI chips, it's basically a high-stakes game of tech Monopoly—and Silicon Valley owns Boardwalk. Europe’s response? More rules, and maybe a startup or two. Read more

📉 Amazon gives employees a harsh ultimatum amid layoff fears: Amazon has tossed out a “get in or get out” ultimatum to workers as layoff rumors swirl louder than a Prime Day checkout cart. Employees must relocate or show up in-person—or risk being cut faster than two-day shipping. Morale? Let’s just say it’s not in the cart. Read more

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