Inflation Cools, Fed Signals One Hike, S&P Hits Record High
MRKT Matrix - Wednesday, June 12th S&P 500 closes above 5,400 for the first time as Fed notes ‘modest’ inflation progress (CNBC) Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates (CNBC) Apple’s stock is about to achieve a feat not seen in 16 years (MarketWatch) After Apple Surge, Market Concentration Is Only Getting Worse. It’s Not a Problem—Yet. (Barron’s) Tesla Investors to Decide if Musk Deserves $45 Billion Payday (NYTimes) Oil’s last ‘hurrah’ is coming. Here’s the commodity investors should be buying instead, says Citi (MarketWatch) Caterpillar Hikes…
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