SHOCK: Inflation SURGES to its highest since 2023

• May inflation (CPI) surged to +4.2% year-over-year, the highest since April 2023, increasing pressure on the Federal Reserve for rate hikes.
• Escalating US-Iran tensions, including retaliatory strikes and concerns over the Strait of Hormuz, are driving oil prices higher.
• US markets, including the Dow, S&P 500, and Nasdaq Composite, are retreating due to inflation, interest rate concerns, geopolitical conflict, and particularly tech stock valuations.
• The sustainability of spending on AI infrastructure by mega-cap tech companies and the broader tech sector's valuations are major investor concerns.

The segment discusses a hotter-than-expected May inflation report, leading to concerns about Federal Reserve interest rate hikes. Geopolitical tensions in the Middle East, particularly US-Iran strikes and their impact on oil prices, are also highlighted. A significant focus is placed on tech stock valuations and a recent sell-off, with questions raised about the sustainability of AI infrastructure spending.