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

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Midyear Market News: 'Unusual' Stock Rally and Today’s Sticky Inflation 14:58 Share

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Shownotes Transcript

Midyear Market News: 'Unusual' Stock Rally and Today’s Sticky Inflation