Markets rose last week with the S&P up about 0.66%, led by materials, staples and financials while tech lagged. A wave of large U.S. tech IPOs, including SpaceX's debut, raises concerns about oversupply amid frothy valuations and volatile sentiment.

May CPI showed sticky inflation, and Fed pricing now implies more hikes ahead, but corporate earnings growth looks resilient. The main risks are a short-term tech-led correction, energy supply uncertainty (Strait of Hormuz) and potential credit contagion; however, policy support and strong profits should limit lasting damage.

For a copy of this week's Doll's Deliberations click on the following link Doll’s Deliberations - Crossmark Global Investments or go to www.crossmarkglobal.com for additional insight and investment solutions.