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 Follow us on social media. Ivanna Hampton on Twitter: @IvannaHampton Facebook: https://www.facebook.com/MorningstarInc/ Twitter: https://twitter.com/MorningstarInc Instagram: https://www.instagram.com/morningstar ... LinkedIn: https://www.linkedin.com/company/5161/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.