MRKT Matrix - Monday, July 8th

• S&P 500 hovers near record as traders await inflation data and earnings (CNBC)
• Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’ (Bloomberg)
• Oppenheimer raises S&P 500 target to 5,900, second highest on Wall Street (CNBC)
• Banks’ Hedges Are Cheap Before the Start of the Earnings Season (Bloomberg)
• Goldman tells clients to buy calls on Wells Fargo ahead of results Friday (CNBC)
• Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers (CNBC)
• Where Have All the Good Stocks Gone? (WSJ)
• Google Struggles to Lessen Reliance on Apple Safari (The Information)
• China Outspends the U.S. on Fusion in the Race for Energy’s Holy Grail (WSJ)
• Beryl unleashes high winds, heavy rains in Texas, stranding residents and leaving 2M without power (AP)
• Corn, Soy Slump to Lowest Since 2020 as Hurricane Brings Rains (Bloomberg)

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

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs