Good morning investors! Tensions have once again flared up in The Middle East as investors appear scared.
Today we cover:
What to expect this week
Iran-US continue attacks
Is renting a good option?
📊 Economy and News
What to Expect This Week
Here’s what you need to keep an eye on this week:
Monday, June 29
Quiet start to the shortened holiday week.
Tuesday, June 30
Consumer Confidence Index (10 a.m. ET) – Investors will watch for shifts in sentiment amid the US-Iran conflict, higher gas prices, and inflation pressures.
Nike (NKE) reports fiscal Q4 results after close (conference call at 5 p.m. ET). Shares are down sharply in 2026; focus on turnaround progress.
Constellation Brands (STZ) fiscal Q1 results after close (call Wednesday morning).
Wednesday, July 1
General Mills (GIS) fiscal Q4 results before open (call at 9 a.m. ET). Investors will scrutinize outlook amid stressed lower-income consumers.
Thursday, July 2
June Employment Report (8:30 a.m. ET) – Key focus. May added 172K jobs (above expectations) with low unemployment. Economists see improving labor conditions.
Bond trading closes early (2 p.m. ET) ahead of the holiday.
Friday, July 3
Markets closed for Independence Day (observed; actual holiday is Saturday, July 4).
Global hits:
China’s May industrial profits slow as exports offset weak demand.
Australia inflation expected to peak below prior forecast.
Bolivia ends 15-year dollar peg in attempt to restore economic stability.
Reminder: Some auto forecasters predict the industry will be smaller and more competitive in the coming years..
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📈 Stocks
S&P 500 7,354.02 (-0.047%)
DJIA 51,876.11 (-0.086%)
NASDAQ 25,297.62 (-0.24%)
BRENT CRUDE 71.91 (-3.37%)
* Prices as of Jun 28th, 12:20 AM UTC
US-Iran Ceasefire Strains as Retaliatory Strikes Hit Shipping and Gulf Targets
Talks aimed at ending the US-Iran war have been paused following fresh escalations in the Strait of Hormuz. The US conducted airstrikes on Iranian missile/drone storage sites, coastal radar, and military infrastructure after Tehran allegedly launched drone attacks on commercial tankers, including the Panamanian-flagged M/T Kiku and Singapore-flagged Ever Lovely.
President Trump stated on Truth Social that continued aggression could force the US to “militarily complete the job,” threatening that “Iran will no longer exist.”
Iran responded by targeting US-linked sites in Kuwait and Bahrain with missiles and drones. Both countries reported air defenses engaging the attacks, while the UAE, Qatar, and Saudi Arabia condemned Iran’s actions as violations of sovereignty and threats to navigation.
Despite the violence, a senior US official said technical talks on implementing the recent memorandum of understanding remain on track, and both sides have agreed to halt further kinetic activity ahead of new talks in Doha focused on the Strait of Hormuz. A Pakistani source noted negotiators remain in Switzerland ready to resume.
Commercial shipping continues through the strait, though some vessels have diverted. Oil prices fell sharply on easing supply fears, with Brent crude down over 4% and WTI below $70.
Interesting: Volkswagen reportedly planning to axe 100,000 jobs.
Polestar says the Commerce Department is banning US sales of its cars.
Surprising: US close to allowing Anthropic to restore Fable 5 model. Elsewhere, Google limits Meta’s use of its Gemini AI models.
💵 Personal Finance
Why Renting Is Becoming the New American Dream for Many
Homeownership has long symbolized the American Dream, but soaring prices, high mortgage rates, and maintenance burdens are making renting the smarter and more appealing choice for many Americans.
According to recent surveys, while over half of people still see owning a home as key to achieving the Dream, renting is now cheaper than buying in every major U.S. metro area. Beyond cost, renters value the flexibility, lower financial risk, and freedom from constant repairs and responsibilities.
While renting offers flexibility and lower immediate costs for many, it is not the ideal choice for everyone. Homeownership still provides significant long-term benefits, including building equity that can serve as a powerful wealth-building tool, greater stability and control over your living space, and the freedom to personalize and modify your home without landlord restrictions.
For those who can afford it and plan to stay in one location for years, owning a home can offer financial security through property appreciation, potential tax advantages, and a sense of permanence that renting often lacks. Ultimately, the decision depends on personal finances, lifestyle goals, and market conditions.
💰 Be a Better Investor
"Failing to plan is planning to fail."
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