JUNE 11, 2026 – May CPI came in at 4.2%. For now, there really is no sense in trying to forecast the CPI. However, the data expected 4.0%-4.4%. The figure came in dead center of that range. For the next report, the data expects 4.4% to 4.8%.
FED FUNDS RATE – Almost a year late, the market has come to realize an increase is the most likely when a change is made. However, no change is expected at the next meeting.
ELON MUSK – People have been jealous of the rich for ages. Many people say no one should be a billionaire. It will be funny to watch their heads explode on Friday June 12th when Elon becomes the world’s first trillionaire. I estimate he may, in fact, be worth up to $3 trillion that day. Congrats to him and all his accomplishments. He has revolutionized 3 separate industries and is CEO of 2 of the Top 10 companies in the world. Insanely impressive. And to think probably 99%+ of his wealth is held in stock. He has very little in liquid assets.
Shalom,
The Mann