Jun 11 2025

 

📊 Market Overview

• Markets are surprisingly strong after a recent reversal.

• S&P futures up 0.2%, NASDAQ/Dow up 0.3%.

• Russell 2000 (IWM) approaching key resistance.

• 10-year Treasury yield down to 4.43% from 4.47%.

🧾 Economic Data

• CPI: +0.1% MoM, +2.4% YoY — below expectations, showing tame inflation.

• Core CPI also +0.1%, holding steady at 2.8% YoY.

• PPI due Thursday, key for gauging Fed rate cut potential — market pricing in rate cuts later this year.

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🚗 Company Highlights

• Shopify (SHOP) under watch.

• Gold (GLD): Bull put spread strategy discussed.

• Oracle earnings expected after market close.

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🚘 Tesla

• Robotaxi service launch rescheduled to June 22.

• Musk: First ride from Austin factory on June 28.

• Musk also apologized for recent controversial posts.

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💼 Stock Movers

• OUST: Up on DoD approval of digital LiDAR for drones.

• Lockheed Martin: Down due to Air Force F-35 program uncertainty.

• GitLab: Beat earnings, weak guidance → stock down.

• Robinhood: Trading & crypto volume sharply higher YoY.

• Dave & Buster’s: Missed earnings, but CEO optimistic.

• Nintendo (Switch 2): 3.5M units sold in 4 days.

• GameStop: Beat EPS, missed on revenue → stock falling.

• I-R-E-N, Etsy, BTSG: Down on debt/share sale announcements.

• Chewy: Guided up but stock movement mixed.

• SailPoint: Beat earnings, guided up → stock rising