Two Storylines, One Rally
June 21, 2026

A hawkish Fed debut and a historic Iran ceasefire.

SpaceX made history, as inflation data and geopolitical tensions kept markets on edge.

Markets kept climbing despite stubborn inflation. Two voices make the case that AI may a long-term antidote.

Inflation came in hot, the Fed looks stuck on hold, and midterm election season is approaching.

Markets rallied on blockbuster Q1 earnings, a strong jobs report, and an AI spending boom that shows no signs of slowing.

Despite energy and Fed headlines, markets closed April with the S&P 500’s best monthly performance since November 2020.

Mixed performance featured encouraging earnings and strong retail sales that masked the inflation story.

U.S. stocks hit record highs as the Strait of Hormuz reopened and early earnings results offered encouragement.
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