Jun 27 2025

 

🧾 Macro Data Highlights (PCE Inflation Report – May):

• Personal Income: ↓ 0.4% (vs. +0.3% expected)

• Personal Spending: ↓ 0.1% (vs. +0.2% expected)

• Headline PCE Inflation:

  • +0.1% MoM, +2.1% YoY (better than expected 2.3%) ✅

• Core PCE Inflation:

  • +0.2% MoM (vs. +0.1% expected)

  • +2.7% YoY (vs. 2.6% expected) ❗

🔎 Mixed report: Headline PCE was cooler, but core inflation came in slightly hot.

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💵 Market & Asset Reaction:

• 10-Year Treasury Yield: Holding at ~4.27% (well off recent highs of 4.6%+)

• Rate Cut Outlook: Markets still pricing two Fed rate cuts by year-end.

• Gold & Silver:

  • GLD (Gold ETF): ↓ 2.3%

  • SLV (Silver ETF): ↓ 2.3%

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📈 Company Earnings & Stock Moves

1. Nike (NKE):

   • 📈 +11% post-earnings

   • EPS: $0.14/share (down significantly)

   • Revenue: ↓ 12% (but slightly beat estimates)

   • Margins: ↓ 4.4 percentage points

   • ⚠ Facing $1B in tariff-related costs, 16% of footwear made in China

   • 💬 New CEO: “We are in a fight in every sport we’re in.”

   • ✅ Strong early sales for “Bone Marrow 18” running shoe ($100M+)

2. Apogee Enterprises (APOG):

   • Reported $0.56 EPS, $346M revenue

   • 📉 Stock weak despite earlier pre-market strength

   • Relative Strength Rating: 8 (very low)

3. Concentrix (CNXC):

   • 📉 Down ~7% after hours

   • Sales up slightly, but flat earnings

   • Weak growth outlook

4. Core Scientific (CORZ):

   • 🚀 Up sharply on acquisition rumors by CoreWeave (CRWV)

   • WSJ reports merger talks are underway

5. Pony.ai:

   • 🧠 Robo-taxi company with U.S. unit

   • Reports suggest Travis Kalanick-led group may fund acquisition of its U.S. assets

   • Uber possibly involved in funding — Uber stock ↓ 1.3%

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🔄 Market Sentiment

• NASDAQ 100 (QQQ): Heading into a 5th straight up day

• Tone: Mixed fundamentals but strong technical setup

• Analysts see strength in the index-level “cup with handle” breakout pattern, suggesting potential for continued rally despite bearish sentiment in headlines.