Midyear Market News: 'Unusual' Stock Rally and Today’s Sticky Inflation

In today’s episode, Tom Lauricella, Morningstar Inc’s chief markets editor and Smart Investor newsletter editor, talks about the hype versus reality in the AI boom and the optimism about a soft landing. 

Timestamps

00:00 Introduction

00:31 The Fed Holds Rates Steady

01:39 Bank Failures

02:31 Jerome Powell’s Thoughts On Inflation

03:26 Outlook For Interest Rate Cuts

04:25 Are We in a Bull Market?

05:20 Concentrated Stock Markets

07:08 AI and the Stock Market Rally 

08:13 Look Under the AI Hood

09:04 Bonds in 2023

10:24 Bond Investors Looking for High Yields

11:35 Market Takeaways for 2023

Read about topics from this episode.  

May CPI Report Suggests Inflation Is Turning a Corner https://www.morningstar.com/markets/may-cpi-report-suggests-inflation-is-turning-corner

Strong May Jobs Report Shows Any Recession is Still Out on the Horizon https://www.morningstar.com/markets/strong-may-jobs-report-shows-any-recession-is-still-out-horizon

Fed Meeting Preview: Will Powell Unveil a Rate-Hike Pause or a ‘Skip’? https://www.morningstar.com/markets/fed-meeting-preview-will-powell-unveil-rate-hike-pause-or-skip

U.S. Stock Market Outlook: June 2023 https://www.morningstar.com/markets/us-stock-market-outlook-june-2023

5 Charts On the Super Concentrated Stock Market https://www.morningstar.com/markets/5-charts-about-super-concentrated-stock-market

What Is Bitcoin Worth? https://www.morningstar.com/alternative-investments/what-is-bitcoin-worth

BlackRock’s Rieder: Grab High Yields on Super-Safe Bonds While You Can https://www.morningstar.com/markets/blackrocks-rieder-grab-high-yields-super-safe-bonds-while-you-can

Regulatory Limbo Likely for Coinbase as SEC Brings Charges https://www.morningstar.com/stocks/sec-brings-charges-against-coinbase

What to watch from Morningstar.

Gain From the Weight-Loss Trend With These Stocks https://youtu.be/MwxQTNZ2L5w

Double Trouble: How the Dot-Com and Tech Bubbles Compare https://youtu.be/4_mP4nftQss

What to Do as Recession Fears Grip Investors https://youtu.be/F-hCrdpxWKI

Just Where’s the U.S. Economy Headed? https://youtu.be/IiZGjhUcPoE

Read what our team is writing:

Ivanna Hampton https://www.morningstar.com/authors/2399/ivanna-hampton

Tom Lauricella https://www.morningstar.com/authors/1953/tom-lauricella

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