📈 Stocks / Finance

Markets edge higher on CPI and China trade news

The Street

May CPI rose 2.4% YoY, in line with forecasts. Markets opened modestly higher as Trump touted a ‘done’ trade deal with China. S&P 500 rose 0.2% to 6,052; Nasdaq gained 22 pts to 19,742. Fed rate cut odds for July rose to 16.5% from 14.4%.

Nvidia eyes rally after bullish TSMC data

The Street

TSMC’s May revenue jumped 39.6% YoY, reinforcing strong AI chip demand and boosting Nvidia outlook. Nvidia shares rose 1% to $143.96, 6% below ATH. A veteran fund manager cited the data as a 'positive signal' for Nvidia, which holds a 4.3% portfolio weight.

Lockheed Martin Drops as F-35 Orders Cut in Half

Investor’s Business Daily

Lockheed Martin fell 5.2% after the Pentagon halved its F-35 order to 24 jets, down from 48. The $3.5B ask marks a shift toward next-gen F-47 funding. F-35s account for ~30% of Lockheed’s revenue. LMT stock fell below its 50-day line and is down 1.9% YTD.

🪙 Crypto

Ethereum whale places $11M long as ETH eyes 30% rally

Coin Telegraph

An Ethereum whale opened a $11.15M long at $2,758.35 using 25x leverage, now up $366K on paper. ETH broke a bull flag pattern, signaling a potential 30% rally to $3,670. Options skew turned sharply negative, showing rising demand for short-term calls.

🌎 Global Economy

Economists Expect Mild Impact from Tariff Turmoil

Forbes

Despite tariff tensions, global GDP forecasts dipped only slightly—from 2.8% to 2.5% for 2025. U.S. and China revisions were modest. Economists cite easing monetary policy and lower oil prices as stabilizers. FocusEconomics data shows limited concern over long-term economic damage.

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