CPI Drops, SpaceX Outlook, Crypto & Private Credit Cracks | Money Moves
June CPI data just delivered the biggest monthly drop since 2020, signaling that aggressive Federal Reserve interest rate hikes may be permanently off the table. With inflation cooling down due to retracting energy prices, the stock market is showing heavy resilience despite lingering geopolitical tensions and an ongoing affordability crisis across the United States.
We also dive into the exploding space economy with our long-term bullish outlook on SpaceX stock following recent pullbacks, alongside the rising risks in private credit defaults. Finally, we cover upcoming legislative catalysts…
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