Beat the street: Sell in May or buy through July? US inflation test; Apple
US stocks defy the 'Sell in May' mantra, but for how long? We discuss this with Tastylive’s Chris Vecchio, who thinks it’ll be more like a ‘Buy through July’.
The US stock ‘melt-up’ comes head of key US inflation prints this week. Plus, Apple is reportedly closing in on a deal with OpenAI to put ChatGPT into the iPhone.
(AI Video Summary)
Interview with Chris Vecchio
Today's edition of "Beat the street", hosted by Angeline Ong, delves into the current state of US stock markets, focusing on their resilience and potential volatility in the context of upcoming inflation data and Federal Reserve actions. Chris Vecchio highlights consumer sentiment on inflation, the Federal Reserve Chair's speech, and CPI data's potential to trigger market pullback. He advises investors to view any short-term sell-offs as buying opportunities, citing structural inflation pressures, particularly from commodity prices like oil, and anticipates bullish market trends into July.
Company and commodity news
The segment also touches on corporate news including Apple's potential AI developments and forthcoming earnings reports from major companies. Commodity prices and their inflationary impact are also discussed, with specific attention to oil and gold trends. The overall tone suggests cautious optimism, advising a strategic approach to navigating market uncertainties.
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