💼 Wall of money

Goldman sees ‘Wall of Money’ fueling summer rally -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 June 10, 2024 | [Read Online]( Sponsored by First time here? [Sign up]([»]( Good morning. The Fast Five → Goldman sees ‘[Wall of Money](’ fueling summer rally, GameStop [drops surprise]( earnings as ‘Roaring Kitty’ backs Cohen in livestream, [US household wealth]( hit another record, Tesla [will not launch]( new Model Y this year, and Apple hosts WWDC event today @ 1:00p ET ([watch here]()… Friday’s poll: Are you in GME today? 🟨🟨🟨🟨⬜️⬜️ YES 🟩🟩🟩🟩🟩🟩 NO Calendar: (all times ET) WED, 6/12: Consumer Price Index (CPI), 8:30a Fed Chair Powell press conference, 2:30p THU, 6:13: Initial jobless claims, 8:30a Producer Price Index (PPI), 8:30a FRI, 6:14: Consumer sentiment, 10:00a Your 5-minute briefing for Monday, June 10: BEFORE THE OPEN As of market close 6/7/2024. Bitcoin as of 6/9/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 38.97% for Wk of June 06 2024 (Last week: 39.04%). Market Recap: - U.S. stock futures steady Sunday night. - Dow futures up 13 points; S&P 500, Nasdaq 100 flat. - Wall Street had a winning week; S&P 500 hit record high, up 1.32%. - Nvidia surged 10%, market cap over $3 trillion. - Key tests ahead: Fed’s rate decision, May CPI on Wednesday. - Strong jobs report suggests Fed may hold off on rate cuts. EARNINGS What we’re watching this week: - Tuesday: - [Oracle (ORCL)]( - earnings of $1.65 per share (-1.2% YoY) on $14.6B revenue (+5.4% YoY) - Wednesday: Dave & Busters Entertainment ([PLAY](), Oxford Industries ([OXM]() - [Broadcom (AVGO)]( - earnings of $10.80 per share for (+4.7% YoY) on $12.0B revenue (+37.9% YoY) - Thursday: - [Adobe (ADBE)]( - earnings of $4.39 per share (+12.5% YoY) on $5.3B revenue (+10.4% YoY) Full earnings calendar [here](. [Explosive Sector Alert: Profit from The Inflationary Market]( *By clicking this link you are subscribing to The Market Genie Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( HEADLINES [Goldman Sees ‘Wall of Money’ Fueling Stock Market’s Summer Party]( Passive inflows, early July strength set up continuing rally. ‘Seeing a re-emergence in retail traders,’ Rubner says. [GameStop Drops Surprise Earnings as ‘Roaring Kitty’ Backs Cohen in Livestream]( GameStop unexpectedly released Q1 results and announced a share-sale plan Friday as meme-stock influencer “Roaring Kitty” reignites interest in the stock. - US job gains surge past expectations, wage growth quickens ([more]() - Market backs off rate cuts hopes following strong jobs report ([more]() - Big Tech is driving S&P rally - now the rest have to step up ([more]() - US household wealth hit another record in first quarter ([more]() - There’s still a way to snag a 3% mortgage rate ([more]() - Nvidia’s 10-for-1 stock split happens today ([more]() - CrowdStrike, KKR, GoDaddy to join benchmark S&P 500 ([more]() - Aramco’s shares rise after stock sale set to raise $11.2B ([more]() - Apple brands AI as ‘Apple Intelligence’ - [watch WWDC 2024 @ 1:00P ET]( - Tesla won’t launch refreshed Model Y this year, Musk says ([more]() - Berkshire buys add’l 2.57M shares in Occidental Petroleum ([more]() - Shein may not qualify for FTSE 100 inclusion ([more]() - Debt markets are fueling buy Now, pay later resurgence ([more]() - Virgin Galactic spaceplane takes tourists on flight ([more]() - Microsoft unveils all-digital Xbox consoles ([more]() - Private equity titans’ nerves on edge at lavish industry party ([more]() SPONSORED BY BEEHIIV These stories are presented thanks to [beehiiv](, an all-in-one newsletter suite built by the early Morning Brew team. Fully equipped with built-in growth and monetization tools, no code website and newsletter builder, and best-in-class analytics that actually move the needle. The top newsletters in the world are built on beehiiv, and yours can be too. It's the most affordable option in the market, and you can try it for free — no credit card required. [Get started →]( DEALFLOW M+A | Investments - Bain Capital agrees to buy PowerSchool in $5.6B deal ([more]() - Blackstone’s Encore in talks for $2.8B in private finance ([more]() - AS Roma owner Friedkin joins Everton takeover talks ([more]() - KKR injects $50M of fresh cash to support property trust ([more]() - Crypto marketplace Bakkt weighs potential sale, breakup ([more]() - Cineworld plots sale of some UK cinema operations ([more]() - Tenex Capital Management acquires Behavioral Innovations ([more]() - MML-backed OnPoint purchases Amerisafe Group ([more]() - Cresset buys The Connable Office ([more]() - The Access Group buys Serent’s SHR ([more]() - ACP-backed Premier Biotech purchases Desert Tox ([more]() - Nemetschek Group, software solutions for the AEC/O and media industries, acquires GoCanvas Holdings, Inc., field worker collaboration software ([more]() - PharmaCord, a pharma services company, received an investment from Permira ([more]() - Brandt Information Services, a provider of outdoor recreational technology platforms, received an investment from Providence Equity Partners ([more]() VC - Tektonic AI, a company developing GenAI agents for enterprise processes, raised $10M in funding ([more]() - Torpago, a commercial credit card and spend management provider, based $10M in Series B funding ([more]() - Sware, a software validation solution for innovative life sciences companies, raised $6M in Series B funding ([more]() - Bem, AI data interface company, raised $3.7M in Seed funding ([more]() - BranchLab, an AI software company enabling healthcare brands to reach the right consumers, raised an undisclosed amount in Seed funding ([more]() CRYPTO - Big Friday crypto selloff pulls Bitcoin below $70K ([more]() - Crypto marketplace Bakkt weighs potential sale, breakup ([more]() - Robinhood’s Bitstamp deal is strategic and brings added institutional exposure ([more]() BULLISH BITES 🇺🇸 Pursuits: David Sacks tried the 2024 alternatives. [Now he’s all-in]( on Trump. 📈 Urgent: [Today Nvidia makes its next big move](. * 🤥 Bad Actor: The [strange tale]( of a $457 million deposit, 100 million masks from China, and one tiny bank. 💸 Mo’ Money: Sick of '[tip creep]('? 5 times it's OK not to tip, according to etiquette experts. ⛺️ Next Level: Wealthy parents are now [hiring experts]( to pack their kids for summer camp. News You May Have Missed Which Stocks Have Cyclical Price Patterns? Let's get right to it! In this edition, we spotlight stocks that historically have risen... [Turned $1,200 into Tesla stock? Here's the shocker]( The panic surrounding the COVID-19 pandemic reached a fever pitch in the first half of 2020, causing severe disruptions to lives and livelihoods. In response, governments the whole world over imp... [Read More]( [Combat Energy Market Swings With These 3 Low-Beta Stocks]( Since the onset of the coronavirus pandemic, oil prices have experienced extreme fluctuations, underscoring the inherent volatility of the energy sector. Therefore, it is crucial to build a portfolio ... [Read More]( DAILY SHARE [tw profile: greg] greg @greg16676935420 [tw] Live look at Roaring Kitty this morning Jun 7, 2024 4.26K Likes 254 Retweets 155 Replies [tw profile: Gordon] Gordon @AltcoinGordon [tw] Your first week in crypto Vs 1 year in Jun 7, 2024 6.9K Likes 495 Retweets 131 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] BlackRock after successfully outbidding a single mother of 4 in the housing market Jun 8, 2024 6.63K Likes 551 Retweets 90 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team.  [tw]( Update your email preferences or unsubscribe [here]( © 2024 Market Briefing 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv](