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- All major market averages finish the week down substantially on higher inflation data, S&P 500 down 10 of last 11 weeks
- May CPI data shows prices increased in May by 1.0%, with prices having increased 8.6% year-over-year
- Gold has strong positive reaction to inflation data as the 'peak inflation' thoughts are struck down
- The Atlanta Fed drops its Q2 GDP forecast to just 0.9% as the Fed continues to add debt assets to their balance sheet
- 78% of major corporate CEOs now forecasting/preparing for recession
- Why dollar-cost averaging does not work for buying single stocks
- The S&P 500 will do very poorly in the months ahead as it is comprised of 55% tech and financial stocks