JPMorgan Chase & Co. ’s trading desk is taking a cautious view toward US stocks following the selloff that erupted at the end of last week. The markets are likely to remain choppy in the near-term, given that investors may continue to sell some of the tech stocks that surged during the recent rally, said Andrew Tyler , the bank’s head of global market intelligence, who cut his near-term view on st...
JPMorgan Chase & Co. ’s trading desk is taking a cautious view toward US stocks following the selloff that erupted at the end of last week. The markets are likely to remain choppy in the near-term, given that investors may continue to sell some of the tech stocks that surged during the recent rally, said Andrew Tyler , the bank’s head of global market intelligence, who cut his near-term view on stocks from bullish to “tactically cautious.” There’s also the risk that bond yields could move higher after this week’s inflation data as traders position for the Federal Reserve ’s next rate decision on June 17. “Stocks may take a couple weeks to find their footing,” he wrote in a note to clients. US equities edged up Monday, rebounding slightly from the sharp selloff that raced through the market on Friday. That hit tech stocks particularly hard, with the Nasdaq 100 Index tumbling nearly 5%, its deepest drop since President Donald Trump ’s April 2025 tariff rollout sent markets into a tailspin. Tyler said the strength of the economy and corporate earnings will continue to support the bull market in stocks, saying “we do feel comfortable buying the dip.” But he said it “makes sense to leg into a position over the course of this week and next” because of some factors that are exposing the market to the risk of an “imminent pullback.” He cited bond market volatility, position unwinding, a potential pullback from the AI trade and elevated equity issuance among them. He said he’d grow bearish on stocks if coming inflation data pushes bond yields higher and negative earnings reports rekindle the tech-stock selloff. But there’s also the potential for a bullish shift if there’s an advance toward ending the US-Iran war that would ease worries about inflation. “These variables would aid a bullish reaction, but we want to reiterate our underlying investment hypothesis that strength of the underlying fundamentals, micro and macro, point to stocks needing to be owned,” Tyler wrote.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Paris-Aligned Climate MSCI USA ETF (Symbol: PABU) where we have detected an approximate $138.5 million dollar outflow -- that's a 5.4% decre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Paris-Aligned Climate MSCI USA ETF (Symbol: PABU) where we have detected an approximate $138.5 million dollar outflow -- that's a 5.4% decre
From high-altitude training to made to measure kits, teams have resorted to all manner of things to adapt to conditions at the tournament • Predict the winner | Daily podcast | Download our app The heat and the altitude worried everybody. The 1970 World Cup in Mexico would not be a normal one. So the Bulgarian authorities sent their squad south of Sofia to get used to playing several thousand feet...
From high-altitude training to made to measure kits, teams have resorted to all manner of things to adapt to conditions at the tournament • Predict the winner | Daily podcast | Download our app The heat and the altitude worried everybody. The 1970 World Cup in Mexico would not be a normal one. So the Bulgarian authorities sent their squad south of Sofia to get used to playing several thousand feet above sea level. Which seemed a great idea until somebody noticed that the temperature in the Pirin Mountains was not in the mid-20s celsius as it is in Mexico but somewhere near freezing. How then could they replicate the effect of playing in intense heat? By restricting water intake so that the players got used to performing while dehydrated. The plan was not a great success. Bulgaria lost their first two World Cup games in 1970 and had already been eliminated by the time they drew with Morocco. It’s safe to assume that preparations for this World Cup will be rather more sophisticated than they were 56 years ago. Most countries back then seemed to take the view that training at altitude was the logical way to prepare for games in Mexico City, Monterrey and Guadalajara. Israel went to Ethiopia and Colorado. Uruguay played in Quito and Bogotá. Mexico themselves held a five-month training camp that featured 13 friendly internationals in four months before a pair of games against the Scottish side Dundee United. This is an extract from Soccer Desk: World Cup edition, a newsletter from the Guardian US that will run regularly during the tournament. Subscribe for free here. Continue reading...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $508.8 million dollar inflow -- that's a 7.0% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $508.8 million dollar inflow -- that's a 7.0% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan Ultra-Short Income ETF (Symbol: JPST) where we have detected an approximate $499.1 million dollar inflow -- that's a 1.3% increase week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan Ultra-Short Income ETF (Symbol: JPST) where we have detected an approximate $499.1 million dollar inflow -- that's a 1.3% increase week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraShort Bloomberg Crude Oil (Symbol: SCO) where we have detected an approximate $227.7 million dollar outflow -- that's a 16.2% decreas
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraShort Bloomberg Crude Oil (Symbol: SCO) where we have detected an approximate $227.7 million dollar outflow -- that's a 16.2% decreas
Embraer CEO of Commercial Aviation Arjan Meijer speaks to Bloomberg at the International Air Transport Association (IATA) conference on rising costs, continued demand and tariffs impact within aviation. (Source: Bloomberg)
Embraer CEO of Commercial Aviation Arjan Meijer speaks to Bloomberg at the International Air Transport Association (IATA) conference on rising costs, continued demand and tariffs impact within aviation. (Source: Bloomberg)
Europe's push to cut its reliance on U.S. Big Tech with EU-made technologies and chips could shut out other non-EU players from the European market, trade bodies representing tech companies in Australia, Canada and Japan warned on Monday. The warning by the Tech Council of Australia, the Canada EU Trade and Investment Association, the Japan Association of New Economy and tech lobbying group CCI...
Europe's push to cut its reliance on U.S. Big Tech with EU-made technologies and chips could shut out other non-EU players from the European market, trade bodies representing tech companies in Australia, Canada and Japan warned on Monday. The warning by the Tech Council of Australia, the Canada EU Trade and Investment Association, the Japan Association of New Economy and tech lobbying group CCIA came a week after the European Commission proposed laws to boost homegrown cloud, AI and chip industries and cut dependence on U.S. tech giants such as Google and Microsoft.
With roots in Armenia, Syria and Saudi Arabia, the singer-songwriter now lives in the US. But despite her Carole King-style sound, her homelands are never far from her mind The title song to Azniv Korkejian’s fourth album as Bedouine, Neon Summer Skin, recreates a perfect day from childhood. “Being taken to the pool, where my only worry is being dragged away when the sun’s setting,” she says, call...
With roots in Armenia, Syria and Saudi Arabia, the singer-songwriter now lives in the US. But despite her Carole King-style sound, her homelands are never far from her mind The title song to Azniv Korkejian’s fourth album as Bedouine, Neon Summer Skin, recreates a perfect day from childhood. “Being taken to the pool, where my only worry is being dragged away when the sun’s setting,” she says, calling from Los Angeles. “Later on, mom and dad wash me in the tub and put me to bed.” Steeped in dreamy 70s soft pop, the track isn’t merely an exercise in nostalgia. “I wanted to paint a picture of what it’s like to feel safe,” she says. “So much of the record is about not having the luxury to not consider your own safety. I think about this a lot when it comes to the children in Palestine and Lebanon, who are not afforded that right.” The conflicts that have ravaged the Middle East are context for Neon Summer Skin, but the album’s themes of displacement, identity and insecurity – wrapped in the deceptively soft sound of 1970s-style MOR pop – are also personal. Korkejian’s family are Armenian, but she and her parents were born in Syria, while her brothers were born in Saudi Arabia, where the Korkejians lived, “on a US compound that was like a gated community”, until 1995. That year, unnerved by the proximity of the recent Gulf war, the family successfully applied for the green card lottery and relocated to the US. “And thank God, because we would eventually have had to return to Syria,” Korkejian says. “I don’t know what would have happened to us then.” Continue reading...
Equity Supply Surge: What Historically Comes Next Authored by Lance Roberts via RealInvestmentAdvice.com, This past week, the market hit an all-time high. At the same time, Alphabet (GOOG) told investors it would raise $80 billion by selling stock to fund its AI buildout, and the shares fell about 4% on the news. Within days, SpaceX is reportedly set to price one of the largest IPOs ever attempted...
Equity Supply Surge: What Historically Comes Next Authored by Lance Roberts via RealInvestmentAdvice.com, This past week, the market hit an all-time high. At the same time, Alphabet (GOOG) told investors it would raise $80 billion by selling stock to fund its AI buildout, and the shares fell about 4% on the news. Within days, SpaceX is reportedly set to price one of the largest IPOs ever attempted. If you want a live picture of an equity supply surge meeting a market priced for perfection, you’re looking at it. The question isn’t whether the equity supply is coming. It’s what happens after it lands. A reader sent me two charts this week. The first, below, shows U.S. equity issuance climbing since 2023. The second chart below matters more, and we’ll get to it momentarily. The reader’s instinct was that these equity supply waves tend to either precede or coincide with market downturns. He’s right, for the most part, but history needs one important correction, and the current setup deserves a closer look than the cheerleading it’s getting. The Setup: An Equity Supply Wave Meets a Record Market Let’s start with the mechanics, because they’re what make 2026 different from a normal IPO year. New equity supply will hit the market in two waves, not one. First comes the offering itself. Then, 90 to 180 days later, the lockup expires and insiders, employees, and pre-IPO investors are free to sell. That second wave of equity supply is usually far larger than the IPO, and it arrives after the headlines have faded. The second chart my reader sent captures exactly this. It stacks IPO gross proceeds against the value of shares freed from expiring lockups, and the 2026 estimate towers over every prior year back to 1998, with the combined figure pushing past $700 billion. The IPO proceeds are a small part, but the lockup overhang is the rest. Make no mistake, that is a wall of supply. The pipeline backs up the picture. Goldman Sachs has projected that U.S. IPO proceeds could reach a...
Etihad Airways CEO Antonoaldo Neves speaks to Bloomberg at the International Air Transport Association (IATA) conference on fuel prices, Asian traffic and competition, saying travel "is not" slowing down. (Source: Bloomberg)
Etihad Airways CEO Antonoaldo Neves speaks to Bloomberg at the International Air Transport Association (IATA) conference on fuel prices, Asian traffic and competition, saying travel "is not" slowing down. (Source: Bloomberg)
The next big risk confronting investors is tightening financial conditions as the Federal Reserve may need to raise interest rates “soon” to curb mounting inflation pressures, according to Citadel Securities. The combination of a massive artificial-intelligence investment cycle, tighter energy markets and a strengthening labor market is raising upside risks to both economic growth and inflation, N...
The next big risk confronting investors is tightening financial conditions as the Federal Reserve may need to raise interest rates “soon” to curb mounting inflation pressures, according to Citadel Securities. The combination of a massive artificial-intelligence investment cycle, tighter energy markets and a strengthening labor market is raising upside risks to both economic growth and inflation, Nohshad Shah , head of EMEA fixed-income sales at Citadel Securities, wrote in a client note. “The next move from the Fed is most likely a hike … perhaps soon,” Shah said. Global stocks and bonds tumbled Friday after a stronger-than-expected US jobs report reinforced concerns that the economy remains too resilient for policymakers to keep rates on hold. The data fueled bets the Fed would raise rates a quarter point by year-end, and the odds of a move as soon as September are now a coin-toss. The labor market may be approaching an “inflection point,” Shah said. With unemployment low and labor supply constrained, any further acceleration in growth could push wage gains well above levels consistent with the Fed’s inflation target, he said. Inflation pressures could also persist even if energy-market disruptions ease in a scenario of reopening of the Strait of Hormuz, he said. Inventories depleted during the Iran conflict will need to be replenished, while governments and companies are likely to maintain larger energy stockpiles and diversify supply chains, embedding higher costs throughout the economy. Shah also warned that a growing political backlash against AI could emerge as another risk for markets. Concerns about job displacement, energy consumption and inflation are increasingly drawing attention from policymakers ahead of this year’s midterm elections. “AI is unpopular, inflation is unpopular,” he wrote. “Unfortunately for markets, a policy response to either or both issues may result in somewhat less exuberance around the AI theme, as well as a broader tightening of fi...
受人工智能产业需求激增影响,全球存储芯片供应趋紧,英伟达与 SK 海力士就此达成一项多年合作协议,联合研发高端存储芯片。这份合作涵盖芯片设计与生产制造,同时将为英伟达下一代主力人工智能系统Vera Rubin平台提供配套存储产品。 该协议在英伟达首席执行官黄仁勋访韩期间正式公布。借助此次合作,SK 海力士在第四代高带宽内存(HBM4)的量产推进中占据优势,这款产品是高端 AI 芯片的核心配套存储。...
受人工智能产业需求激增影响,全球存储芯片供应趋紧,英伟达与 SK 海力士就此达成一项多年合作协议,联合研发高端存储芯片。这份合作涵盖芯片设计与生产制造,同时将为英伟达下一代主力人工智能系统Vera Rubin平台提供配套存储产品。 该协议在英伟达首席执行官黄仁勋访韩期间正式公布。借助此次合作,SK 海力士在第四代高带宽内存(HBM4)的量产推进中占据优势,这款产品是高端 AI 芯片的核心配套存储。黄仁勋表示,三星电子、SK 海力士和 美光 科技均已获得 HBM4 供货资质,三大存储巨头之间的竞争仍将十分激烈。 当下各大云厂商争相采购加速芯片,这份合作也帮助英伟达稳固了人工智能供应链的关键环节。目前Vera Rubin已进入全面生产阶段,预计今年晚些时候将大规模出货,而高端存储芯片是决定该系统性能的核心要素。 此次签约也印证了黄仁勋积极深化与韩国产业合作的原因:英伟达的 AI 计算系统对高端存储芯片的需求持续攀升。他在访韩期间还提醒称,芯片全产业链的供应短缺问题或将持续数年。 责任编辑:江学思
Robert Way Luckin Coffee ( LKNCY ) reported that its non-coffee beverage sales exceeded RMB 20B ($2.95B) as of May 31 as the company expanded its global store network to more than 35K locations. The Xiamen-based company said the achievements demonstrate its ability to scale successfully across multiple beverage categories beyond coffee, reinforcing its position as a leading player in China's broad...
Robert Way Luckin Coffee ( LKNCY ) reported that its non-coffee beverage sales exceeded RMB 20B ($2.95B) as of May 31 as the company expanded its global store network to more than 35K locations. The Xiamen-based company said the achievements demonstrate its ability to scale successfully across multiple beverage categories beyond coffee, reinforcing its position as a leading player in China's broader beverage market. Notably, by diversifying its menu beyond traditional coffee products, Luckin Coffee ( LKNCY ) has captured a broader consumer base, contributing to the growth of its non-coffee segment. The store network expansion supports the strategy, providing the infrastructure necessary to distribute these products to a wider audience. In terms of product innovation, Luckin Coffee ( LKNCY ) highlighted that its Coconut Latte has recorded cumulative sales of over 2.1B cups, while its Orange Americano surpassed 500M cups. Additionally, its Light Jasmine Milk Tea saw sales of more than 400M cups, while its Little Butter Latte sold nearly 300M cups, and its Active Apple Kale Tea sold over 100M cups. Shares of Luckin Coffee ( LKNCY ) were down 1.2% in Monday morning trading. For the year, LKNCY is more than 6% lower. More on Luckin Coffee Luckin Coffee: Near-Term Confusion, Strong Long-Term Prospects Luckin Coffee Inc. 2026 Q1 - Results - Earnings Call Presentation Luckin Coffee: Evidence Of Cannibalization As Comps Erode (Downgrade) Peet's and Starbucks plan to grow in China despite the intense coffee pricing war Luckin Coffee Non-GAAP EPS of $0.32, revenue of $1.74B