MRKT Matrix - June 13th

• S&P 500 posts its fourth straight record close, buoyed by cooler inflation data (CNBC)
• UBS says S&P 500 could rally past its bullish target because of falling inflation and rates (CNBC)
• Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level (CNBC)
• Broadcom Reclaims the AI Stock Spotlight. Why There Could Be More to Come. (Barron’s)
• OpenAI’s Annualized Revenue Doubles to $3.4 Billion Since Late 2023 (The Information)
• Steve Eisman says this is one of the more interesting things on the AI boom he’s heard in a long time (CNBC)
• Ford Motor Expands EV Sales, Service to All U.S. Dealers (WSJ)
• Tesla shares up after Elon Musk says he is set for victory in $56 billion pay vote (CNBC)
• From dying mall brand to Wall Street winner: How Abercrombie & Fitch pulled off retail’s biggest comeback (CNBC)
• Servers for GameStop annual shareholder meeting crash due to overwhelming interest (CNBC)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets