Good morning investors! Strait is closed again! Expect impact on oil and stocks today.
Today we cover:
What to expect this week
US-Iran tensions continue
Shall you borrow for a house?
📊 Economy and News
What to Expect This Week
Here’s what to keep an eye on this week:
Monday, June 22
Fed Governor Christopher Waller speech (9 a.m. ET) — Watch for hawkish comments on inflation and rate policy.
Tuesday, June 23
Carnival Corp. (CCL): Q2 results and conference call (10 a.m. ET).
FedEx Corp. (FDX): Fiscal Q4 results and call (5 p.m. ET). Recent beats and raised guidance; its freight business reports separately.
Wednesday, June 24
Micron Technology (MU): Fiscal Q3 results and call (4:30 p.m. ET). AI-driven demand has sent shares up >800% YTD with market cap hitting $1T.
Thursday, June 25
PCE Price Index (8:30 a.m. ET): May inflation reading. April’s 3.8% YoY was well above the 2% target — expect attention on whether it’s hotter.
BlackBerry (BB): Q1 results and call (8 a.m. ET). Shares more than doubled in 2026 on Nvidia partnership and QNX demand.
Darden Restaurants (DRI): Q4 results and call (8:30 a.m. ET). Olive Garden/LongHorn owner benefiting from higher-end diners.
Other data: Personal income/spending, durable goods, jobless claims.
Friday, June 26
Revised consumer sentiment and inflation expectations (typically 10 a.m. ET).
Global hits:
Japan to target $2.3 trillion public-private investment by 2040.
India seeks tariff advantage before implementing U.S. trade deal.
ECB may hike rates again despite weak growth - BofA.
India: India’s largest telecom and digital service Jio Platforms files for IPO as it eyes low-orbit satellite rollout as Starlink awaits India launch.
Reminder: U.S. opens tariff probe targeting Germany’s drug pricing policies.
👨 Sponsored
Copper is ripping to record highs above US$6/lb — yet one tiny North American copper stock remains under Wall Street’s radar. Shares still trade below US$1 as a large-scale multi-rig drill program targets high-grade copper at depth, plus gold and silver. With copper supplies tightening and majors desperate for new reserves, this ultra low-priced small-cap heads into 2H 2026 with outsized upside potential.
📈 Stocks
S&P 500 7,500.58 (+1.08%)
DJIA 51,564.70 (+0.14%)
NASDAQ 26,517.93 (+1.91%)
BRENT CRUDE 80.57 (+0.72%)
* Prices as of Jun 21st, 12:20 AM UTC
US-Iran Still In Doubt?
U.S. President Donald Trump threatened renewed military action against Iran on Sunday, even as Vice President JD Vance held the first talks with Iranian officials under an interim peace deal in Switzerland.
Trump posted on Truth Social, demanding Iran halt its Hezbollah proxies in Lebanon or face even harder strikes than last week. He reportedly told Iranian officials that closing the Strait of Hormuz would mean “you won’t have a country,” and threatened to seize the waterway.
Vance, meeting with Iranian officials and Qatari mediators, downplayed the Lebanon violence and said progress was being made. He added that Trump wants to “turn over a new leaf” in relations with the Iranian people.
Iran said further talks, including on its nuclear program, cannot begin until fighting in Lebanon ends and it receives promised economic benefits. The talks were overshadowed by Tehran’s announcement that it had closed the Strait of Hormuz.
Interesting: U.S. opens tariff probe targeting Germany’s drug pricing policies.
💵 Personal Finance
Homeowners Tapped $47 Billion in Home Equity This Year — Should You?
Key Highlights (Q1 2026)
Homeowners pulled out $47 billion in equity — the highest first-quarter total since 2021.
54% came from HELOCs and home equity loans; the rest from cash-out mortgage refinances.
Total tappable home equity nationwide now sits at $11 trillion.
Even with slower home price growth, the housing boom of the early 2020s has left many owners with significant equity. The “lock-in effect” is driving much of this activity: homeowners with ultra-low mortgage rates (3–4% from 2020–2022) prefer to keep those loans and borrow against their equity through second liens instead of refinancing at today’s higher rates (above 6.5%).
Important Considerations Before Borrowing
Home equity is not free money. Experts recommend borrowing only for strong financial reasons, such as home repairs or improvements that add value. Using it for vacations or discretionary spending can lead to years of high interest payments and financial strain.
Main Options Compared:
Cash-out refinance: Replace your existing mortgage with a larger one and take cash. Involves full approval process and higher closing costs (2–5%). Often not ideal if you have a low-rate mortgage.
Home equity loan: Fixed-rate lump sum with predictable payments. Average rates around 8.1–8.2%.
HELOC: Flexible line of credit with variable rates (average ~7.43%). Lower upfront costs but payments can rise after the draw period ends.
Bottom Line: With borrowing costs still elevated, carefully weigh whether the purpose of the loan justifies the long-term expense. Your home is the collateral — defaulting puts it at risk.
💰 Be a Better Investor
“Risk is not having the money you need when you need it.”
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