Did you know that the stock market has weathered numerous storms and yet remains one of the most reliable wealth-building tools over the long term?

This means that making smart investment decisions involves tuning out any doom-and-gloom preachers coming your way, even if they may seem convincing.

Here’s what we have in store for you today:

• The Inflation Hawks Refuse To Bend: First, despite signs of economic normalization, prominent voices continue to warn about inflation and potential interest rate hikes 😤

• Three Stocks Represent 20% Of The S&P 500 Weighting, So What? Next, we explore the concentration of market capitalization in Nvidia, Microsoft, and Apple, and why concerns about concentration risk might be overblown 🤷🏻

• Labor Market Is Cooling: Finally, analysis of jobless claims and job openings data reveals a cooling labor market, which could lead the Fed to ease monetary policy later this year 🧊

Stay informed and ahead of the curve with our expert insights and practical advice.

P.S. Due to an upcoming Jewish Holiday, Shavuot, there will not be a newsletter tomorrow and on Thursday. Don’t worry though, we’ll be back on Friday with fresh insights from the market, so stay tuned!

The Inflation Hawks Refuse To Bend 😤

For much of the last two years, there have been loud and prominent voices in the world of finance that have been warning us.

“The economy is too hot!” 

“High wage growth is ticking even higher!” 

“A higher neutral interest rate is a given!”

“The Fed will not cut rates in 2024!”

“The Fed will actually have to hike interest rates in 2024!”

It’s becoming increasingly clear that the US economy is normalizing on all fronts, and yet the inflation hawks are still clinging to their views ⛈️

Three Stocks Represent 20% Of The S&P 500 Weighting, So What? 🤷🏻

Nvidia is now the third stock to hit the 3 trillion market cap size.

The other two are Microsoft and Apple.

The financial media is worried about concentration risk.

The concern is way overdone 🙅🏻

First, the S&P 500 is doing well overall, not just three stocks.

Second, these companies are earnings machines with no end in sight to their success.

They have earned their large market capitalization and will continue to do so 📈

💰 Your New Income Generator 💰

Get an exclusive sneak peek into this secret income generator - Right In Your Pocket

1. Blow Away The Competition: Use this little-known stock market loophole to make $500-$1,000 DAILY.

2. Streamlined Trading System: This 5-step system is so easy to learn that anyone from college dropouts to 80-year-old grandmas can get started with it.

3. No Experience Or Equipment Needed: All you need is your phone or laptop, an internet connection, and 1-2 hours a day, and you’ll be ready to get going.

If you’d like to know more, sign up now for a free training that shows you exactly how you can get started.

Labor Market Is Cooling 🧊

Initial jobless claims and job openings data has been signaling a cooling of the labor market. 

Also, the May jobs report provides further confirmation that labor markets are cooling and wage gains are moderating.

The Fed should be gaining confidence that inflation will soon trend down closer to its 2% inflation target, enabling it to ease policy between September and December of this year 📅

Inner Circle Global Macro Update 🔍

If you wish to gain access to our Inner Circle Global Macro Update, packed with exclusive insights from award-winning portfolio manager and economist Seth Antiles, with secrets that’ll give you an edge in the stock market, be sure to upgrade by clicking the button below 👇️