Speaking of MU.....my most recent addition to my portfolio of stocks. UP by......$200.36 or 19.12%....right now. The key will be the close.
You would not know it from this headline but inflation came in....AS EXPECTED. Here are a couple of companion stories. Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows https://www.cnbc.com/2026/06/25/pce-inflation-report-may-2026-.html 10-year Treasury yield declines after May inflation data comes in as expected https://www.cnbc.com/2026/06/25/treasury-yields-investors-key-inflation-data.html I am not holding my breath....but some day...perhaps someone at the FED will ADMIT that their 2% inflation target is based on a PHONY and FAKE number. Actual historic inflation in a NORMAL economy.....3-4%. This SHOULD be the REAL FED target.
At last a SLIVER of TRUTH on this story-line. AI Demand Begins to Justify Massive Cost of Data-Center Buildout https://finance.yahoo.com/technology/ai/articles/ai-demand-begins-justify-massive-110000106.html Yes AI is sweeping through business and all uses......it is an unstoppable train leaving the station.
As to MU above. Micron's stock soars after blowout earnings expose AI's memory bottleneck https://finance.yahoo.com/markets/a...s-expose-ais-memory-bottleneck-204039376.html
AND.....BINGO....just like that.....the SP500 and the NASDAQ are now RED for the day. As I always say....the futures do not matter.
And in conjunction with the sudden dip to RED......the gains in MU have been significantly cut to.....+$144 or +13.76%. the stock has now dropped significantly below the pre-earnings 52 week high. We will find out over the next two days....DO EARNINGS MATTER. Personally I would NOT take this bet....in the current IDIOTIC market.
