Hello everyone and welcome to the new copiers. Here's a short June update on the market conditions.
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Inflation data seems somewhat steady for the past few months now with 0.1% for the month of May and 2.4% for the last 12 months. Middle East tensions pushed oil higher from about $63 to $73 per barrel, but it has since come back down to $65 level. We're still waiting for tariff effects to fully show up in prices, the effect may be lower than initially expected because of both walkback on initial threats and companies being unable to shift the cost to consumers or finding ways to mitigate the cost, absorbing it in their margins.
US payrolls increased by 139,000 more than 125,000 expected, while unemployment remained at 4.2%. Workers pay growth continues to be typical, at 0.4% for the month and almost 3.9% for the year.
The Fed's Jerome Powell said he sees no signs that the US economy will weaken in the near term and thus thinks the Fed is well positioned to maintain rates at the current range of 4.25 to 4.5% for a while longer. They continue to aim for two rate cuts later this year. Powell also talked he's beginning to see some effects of tariffs on inflation. Further disinflation should come from housing as housing inventories continue to grow and prices are likely to cool down a bit.
Hopefully the Middle East tensions don't further escalate and thankfully so far it does seem like things could actually cool down. These wars always seem to benefit the select few at a cost of people who often just want to live in peace and not have bombs dropped on them or be taxed to oblivion for military purposes.
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I may be inclined to close out Google position as they seem to be sleeping on thropies lately. I really don't like the last few years of development with the company. In my opinion they have pushed the search engine to almost unusable levels as you basically get just paid ads and sales products on any query you write and their AI generated answers seem late and are often not even close to as useful as chat GPT which I find myself use more and more and I am guessing so does a lot of people and I'm actually at a point where I would change browser home page away from google. Instead of that I would invest as mentioned before into assets like precious metals and BTC, that would likely bring better diversification too.... Show More
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Sun Dec 14 2025 05:04:48 GMT+0000 (Coordinated Universal Time)
