Pre-Market Brief... Wednesday, June 10
Where Futures Sit
A red open is setting up. The VIX has crept back toward 20, gold is off roughly 2% near $4,190, and the 10-year yield holds stubbornly around 4.57%.
Macro Pulse
Two stories drive the tape. Overnight, the U.S. and Iran traded fresh military strikes after an American helicopter went down near the Strait of Hormuz... so the geopolitical risk premium is back. And at 8:30 a.m. ET, May CPI lands.
The Street expects roughly 4.2% year over year, which would be the hottest annual reading in more than three years. A hot print revives talk of a rate hike rather than a cut. Oil, oddly, is shrugging it off... WTI hovers near $88.
Tickers To Watch
Super Micro fell about 10% pre-market on a $7 billion financing package to fund its AI backlog.
Oracle reports after the close, with cloud demand in focus. Chewy reports before the bell.
Bottom Line
This is a day to let the data come to you. A hot CPI on top of Middle East headlines is the kind of combination that punishes the investor who feels he must react to every tick.
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