It’s Inflation, Innovation, and Imagination All Week

🧾 CPI, Crypto, and Corporate Curveballs

The first inflation check for May drops Wednesday with the CPI report, and it could be a market mood-setter. With the Fed’s next policy meeting looming (June 17–18), this print might shape the vibes—especially as Trump turns up the heat for a rate cut. The Fed is in its official “no comment” mode, a.k.a. the blackout period, so don’t expect any hints from Powell & Co.

But it’s not just CPI stirring up investor sentiment. Friday’s consumer confidence survey will shed light on how everyday Americans are feeling about their wallets. After four straight months of sliding, sentiment stabilized in May. Still, tariffs—Trump’s latest favorite tool—have shoppers sweating about price hikes.

🎮 GameStop: Now Accepting BTC

Speaking of bold moves… GameStop reports earnings this week and just went full bitcoin. The company dropped a cool $500 million on BTC in late May, as it tries to pull a Michael Saylor and pivot its brand from gaming to “we’re a crypto company now.” Investors will be listening closely to see if this gamble has legs—or is just another meme moment.

🤖 AI Earnings Watch

Elsewhere on the earnings front:

• Oracle reports Wednesday and is expected to dish updates on its Stargate project—an AI supergroup collab with OpenAI and SoftBank.

• Adobe follows Thursday, where AI-powered design tools (hello, Firefly) are likely to be front and center in its results.

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📉Immigration Collapse Is Causing a Massive Labor Supply Shock, Experts Warn: A sharp drop in immigration is starting to put serious strain on the U.S. economy, particularly in industries that rely on foreign-born workers. With tighter policies, aggressive ICE enforcement, and new tariffs adding fuel to the fire, labor shortages could mean slower growth and pricier goods. Turns out building walls has a cost beyond the cement. Read more

😱Leveraged Bitcoin Longs on Bitfinex Weakest Since December—and It Could Mean Rally Time: Leveraged bets on bitcoin are drying up faster than cheap guac at a Super Bowl party, with long positions on Bitfinex hitting their lowest since December. Ironically, that lack of frothy speculation might be just what BTC needs to bounce back. When everyone's scared to go long, it’s often time for the bulls to sneak in. Read more

🧪 China Says it May Speed Up Rare Earths Application Approvals in EU Spat: China’s dangling the rare earths carrot to ease tensions with the EU, saying it might fast-track mining project approvals. The move comes as global demand for these high-tech minerals heats up—and as trade diplomacy turns into a game of mineral Monopoly. Translation: China’s ready to play ball, but it still owns the ball. Read more

⚛️ Constellation and Oklo’s SMR Set to Power the Grid in 2027: Constellation and nuclear startup Oklo are teaming up to bring a small modular reactor (SMR) online by 2027, aiming to juice the grid with clean energy. The micro-nuke will be built at a Constellation site in Illinois, and regulators are already warming up to the idea. If successful, it could change the game for nuclear—and maybe even your utility bill. Read more

🇯🇵 Japan Trade Negotiator Akazawa Says He Made Progress in US Tariff Talks: Japan’s top trade guy says recent U.S. talks were “constructive,” and progress is finally being made on tariffs that have been clogging up supply chains like bad ramen. Both sides still need to iron out key details, but things are looking less frosty than before. Fingers crossed this doesn’t go from trade talk to trade war 2.0. Read more

💸 ‘Most Unloved Bonds’ Turn Routine US Auction Into Crucial Test: A Treasury auction this week could turn into a full-blown vibes check for long-term bonds, which investors have been ghosting harder than a bad first date. Yields are high, demand is iffy, and the Fed’s next move is a wild card. If this auction flops, markets might throw a tantrum big enough to trend. Read more

Monday

• Wholesale inventories (April)

• Apple’s WWDC conference begins with CEO Tim Cook's keynote address and special event

• Key Earnings: Casey’s General Stores

Tuesday

• NFIB Small Business Optimism Index (May)

• Key Earnings: GameStop, J.M. Smucker, Core & Main, GitLab, and Academy Sports & Outdoors

Wednesday

• Consumer Price Index (May)

• Key Earnings: Oracle, Chewy, SailPoint, and Cognyte Software

• More Data to Watch: Monthly U.S. federal budget (May)

Thursday

• Initial jobless claims (Week ending June 7)

• Tesla robotaxi launch expected

• Key Earnings: Adobe

• More Data to Watch: Producer Price Index (May)

Friday

• Consumer sentiment - preliminary (June)

Click here 👈to learn more about our charts.

Click here 👈to learn more about our charts.