As predicted, the Federal Reserve kept interest rates steady at the 4.25% – 4.5% range last week. But the big news came late on Saturday, when the U.S. launched a surprise strike on three Iranian nuclear sites.
As I write this, the market is holding steady, but physical damage is still being assessed. Meanwhile, today Iran launched missiles at a U.S. base in Qatar, although reports indicate no damage was sustained.
Because of all this, all eyes are on oil prices. Because if they spike, it could push up inflation around the globe, thus making central banks decide not to cut interest rates. So, we’ll see what happens.
Now, for this week, we have a couple of crucial reports to watch for: The University of Michigan’s Consumer Sentiment Index and the Personal Consumption Expenditures (PCE) Index, the Fed’s favorite inflation indicator.
I’ll discuss what I expect from these reports in this week’s Navellier Market Buzz. I’ll also explain what the annual Russell Realignment is and why it lifts small-cap stocks every June.
Click the image below to watch now.
You can subscribe to my YouTube channel here.
Your New Stock-Picking Assistant
About 40 years ago, while I was in college, I developed a system that was originally designed to mimic the S&P 500.
But there was a problem.
It didn’t match the S&P… I was able to beat it.
After learning why, and years of tweaking and refinement, that system became known as Stock Grader (subscription required).
Back then, the idea of using quantitative principles to find “what works” in the market and then systematically finding winning picks was revolutionary.
Today, these ideas are now used in financial markets across the globe…
Of course, technology has come very far since then, and the AI Revolution is only adding fuel to the fire.
For example, the folks over at TradeSmith, our corporate partner, have developed a new system that brings the power of AI-driven investing right to your fingertips.
It’s called: TradeSmithGPT.
This AI-powered model uses millions of financial datapoints to pinpoint each stock’s “profit window,” or the ideal time frame to trade a stock, on any given day.
The end result? A real-world model of what should come next with a 75% accuracy rate.
And on Wednesday, June 25 at 10 a.m. Eastern, TradeSmith CEO Keith Kaplan will show you exactly how it works.
You’ll learn exactly what this new breakthrough AI software is, how it works, how to use it and why it will be critical to your success in the markets during 2025.
But fair warning: Keith’s live broadcast will not be available to the general public.
To receive your private access link, click here to sign up for free.
When you do, you’ll also get immediate access to a “lite” version of TradeSmithGPT for a limited time to test it out for yourself.
Sincerely,
Editor, Market 360
