After days of calm in the market, investors last week will tackle the fallout of the US decision to enter Israeli war with Iran. This will take a closer look at five big things we’re looking at in the market over the next week. 1. Geopolitics: President Donald Trump said Saturday night that the US attacked Iranian nuclear sites, including the Ford facility built into the sides of the mountains. Iran’s foreign minister called the US strike “outrageous” and said the country has reserved itself to protect all options. Investors spent much last week trying to measure whether the US military would be directly involved in the Israeli-Iran conflict. Through the end of the market on Friday, the strikes before and after between longtime regional enemies, as investors pointed out by Deutsche Bank analysts, did not ripple into a wider fire, historically noted long-term importance to the market. One of the big questions for investors, in the wake of direct US military involvement is what happens to oil prices. Iran’s response to the US bombing could have an impact on that. Developments that significantly disrupt oil supply, including the Strait of Hormuz, could lead to further surges in prices. In any case, the market could raise prices and rise to prices with a higher “risk premium” so that goods remain an important barometer of how traders value the situation in the Middle East and how they value supply disruptions. 2. Inflation Data: Fed’s Preferred Inflation Gauge – Personal Consumption Expense Price (PCE) Index – slated to be released Friday morning, offering an updated view of how Trump’s tariffs are rippling through the US economy. Another measure of inflation, the Consumer Price Index (CPI), rose a month of 0.1% higher than expected in May, the Bureau of Labor Statistics reported on June 11. This brings the annual inflation rate measured by CPI to 2.4%. The Fed is focusing on PCE indexes, especially as it believes metrics do a better job of capturing actual consumer spending patterns, especially in response to price changes. The Fed has a dual mission to maintain price stability and maximum employment. Trump’s tariffs have yet to have a major impact on official inflation statistics, but the Fed adopted a patient attitude and stabilized interest rates at the policy meeting, similar to last week’s early May. The central bank claims that the full effect of tariffs is not yet felt, and that the labour market remains resilient enough to wait for more data. “It takes time for tariffs to pass through the distribution chain to final consumers. A good example of this is that goods sold at retailers today may have been imported months ago before the tariffs were imposed. Therefore, we are beginning to see more effectiveness over the coming months. Nevertheless, members of the Fed’s policymaking division are still hoping that the central bank will cut interest rates twice this year. That remains the same from their outlook for March. Powell emphasizes that the Fed is “data-dependent” when creating policies, and that PCE indexes (both Friday’s release and future indexes for the coming months are the kinds of data entry that could sway your thinking. On Friday, Fed Gov. Christopher Waller said that the central bank could cut rates as early as July, but it is unclear how widely his views are among financial policymakers. 3. Housing: This week, there is a lot of lot of housing data, with the Federal Housing Finance Institutions’ Home Price Index on Tuesday, and new home sales on Wednesday. KB Homes will also report revenue on Monday night. These releases came shortly after last May’s home launch data, with 9.8% dropping to a seasonally adjusted annual rate of 1.256 billion. Lennar’s revenue report also showed modest activity last week, with home builders leaning towards incentives to increase demand. As the housing market is an important part of the US economy, it’s important to always follow. In fact, Jim Kramer claims it’s overweight as many related purchases are made that go with new TVs and furniture to suit new spaces. Still, housing appears to be a bigger focus these days. Overall economy Given the concern that activity is slower and stubbornly high mortgage rates will crimp activities and strain affordability. Indeed, shelter inflation remains sticky. As for this week’s release, one thing to look at is the home inventory data included in the National Association of Realtors’ Associations’ existing home sales reports. This increased monthly in the year, and was a high of nearly five years in April. This is encouraging on paper as more stocks help lower prices. According to NAR data, prices fell in April in the US southern and western markets, but we haven’t seen them at the national level. We’ll see how these dynamics unfold in May. Tuesday’s FHFA price data complements photos from NAR. 4. Trial Data: On Monday, club name Eli Lily will present the results of a mid-stage trial with one of the next generation weight loss drugs called Bimagrumab. Lily acquired the assets in 2023 as part of the Versanis Bio Takeover, but Bimagrumab, photographed alongside the traditional GLP-1 drug, is believed to help patients continue to lose fat while maintaining muscle mass. Among the concerns about GLP-1 are drug people who lose not only fat but muscle, which can slow metabolism. An interesting wrinkle in Monday’s presentation is that it focuses on a trial that studied Bimagrumab along with the active ingredients of rival Novonordisc, Ozenpic and Wegovi. The trial was already underway when Lily bought Versanis. Lily pursues a study to look at bimagrumab, which is used along with tilzepatide, the active ingredient of Zepbound. 5. Revenue: There is no Club Holdings reporting revenue for last week, but there are several other releases on the radar as a read-through to the economy and consumers. These include FedEx, which was reported on Tuesday night and has historically been considered a barometer of economic activity. After the end of Wednesday, it should shed light on the impact of Trump’s steel tariffs on pricing and demand from Ohio-based Worthington Steel. Micron, one of the club’s advanced memory chip suppliers, which holds Nvidia’s cutting edge AI processors, also reported on Wednesday night. Hearing commentary on on demand. Monday, June 23rd, Lily’s Bimagrumab presentation was held at 9am, 9am, 9am, existing home sales: Bell: Commercial Metals (CMC), Factset Research After Systems (FDS) ends: KB Home (KBH) Tuesday, June 24th 9 AM ET Conference Board’s Conference Board Conshourtion Survey (Bell: CARNIBAL CORP) (FDX), BlackBerry (BB), Worthington Industries (WOR), Aerovironment (AVAV) Wednesday, June 25th, 10am before Bell: General Mills (GIS), Paychex (PayX), Winnebago Industries (WGO), Bell: Micron Technology (MU), Jefferies Funinict Group (JEF) etc. (MLKN), Steel Case (SCS) Final reading of first quarter GDP on Thursday, June 26th ET is pending home sales at 8:30am at 8:30am at 8:30am at 8:30am at 8:30am at 8:30am at 8:30am at 8:30am at 10am at 10am at 10am at the Concentix Corporation (CNXC) Friday, June 27th, 8:30am at 8:30am at 8:30am at 8:30am at 8:30am at 8:30am at the Bell. Concentix Corporation (CNXC) Friday, June 27th, 8:30am at 8:30am at 8:30am at the Bell: Apogee Enterprises (Apog) (Jim) Cramer’s Charitable Trust has been GS, NVDA for many years. See here. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he waits 72 hours after issuing a trade alert before carrying out the transaction. The above investment club information is subject to our Terms of Use and Privacy Policy, along with the disclaimer. Due to receiving information provided in connection with the Investment Club, there is no obligation or obligation of the Trustee. No specific outcome or profit is guaranteed.
Here are five things we’re seeing in the stock market last week
