Please note: The full Weekly Market Review is in the PDF below.
1. This week’s economic data painted a mixed picture for investors. The biggest surprise came from inflation, where May CPI rose 0.5% bringing the 12-month inflation read up to 4.2%, matching consensus but accelerating from prior months, while higher energy costs suggested that the Strait of Hormuz disruption and resulting oil price spike may be starting to broaden beyond gasoline and transportation into the broader economy.
2.THE MAIN STORY THIS WEEK focuses on Prometheus, an AI startup that Jeff Bezos co-founded and where he serves as co-CEO alongside Vik Bajaj. Â
3. Today’s IPO of SpaceX was one of the most anticipated public offerings in market history. The company priced shares at $135 and raised approximately $75 billion, implying an initial valuation near $1.75 trillion. Within hours of trading, the stock opened roughly 11% higher and traded 19% to 22% above the offering price, pushing SpaceX’s market capitalization above $2 trillion.
4. World Watch
- A U.S.–Iran deal could be announced at any time. However, that does not mean oil and gasoline prices will fall immediately. The agreement still needs to be implemented, and some details may take weeks or months to resolve.
- Everyone Loves Chinese Cars, Except the Chinese – according to The Wall Street Journal.   Chinese automakers are facing a paradox: their vehicles are becoming increasingly popular around the world, yet demand is weakening in their home market.
- An updated snapshot of the current global state of economy.
5. Quant & Technical Corner: a selection of quantitative & technical data we monitor on a regular basis to help gauge the overall financial market conditions and the investment environment.
From the desk of our Chief Investment Officer
As an investment professional with over twenty-six years of experience in the financial services industry, Andrew helps clients to protect, grow and transfer wealth during their lifetime with objective, unbiased, customized and efficient strategies.
Education, Professional Licenses Acquired & Affiliations
- Series 7, 63, 65 and 24 Licensed.
- Currently holding Series 65 License registered with SEC
- BA in Economics – Boston University (Boston, MA) 1993
- Certificate in Commodities Trading – New York University (New York, NY) 1991
- Certificate in Financial Planning – New York University (New York, NY) April 2011
With extensive experience in the Financial Services Industry, Andrew Tang and Turner Financial Group provides disciplined wealth management with an intelligent caring approach to each and every client that compliments the Dedicated Financial offering.
Len writes much of his own content, and also shares helpful content from other trusted providers like Turner Financial Group (TFG). Â
The material contained herein is intended as a general market commentary, solely for informational purposes and is not intended to make an offer or solicitation for the sale or purchase of any securities. Such views are subject to change at any time without notice due to changes in market or economic conditions and may not necessarily come to pass. This information is not intended as a specific offer of investment services by Dedicated Financial and Turner Financial Group, Inc.
Dedicated Financial and Turner Financial Group, Inc., do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
 Any hyperlinks in this document that connect to Web Sites maintained by third parties are provided for convenience only.  Turner Financial Group, Inc. has not verified the accuracy of any information contained within the links and the provision of such links does not constitute a recommendation or endorsement of the company or the content by Dedicated Financial or Turner Financial Group, Inc. The prices/quotes/statistics referenced herein have been obtained from sources verified to be reliable for their accuracy or completeness and may be subject to change.Â
 Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views and strategies described herein may not be suitable for all investors. To the extent referenced herein, real estate, hedge funds, and other private investments can present significant risks, including loss of the original amount invested. All indexes are unmanaged, and an individual cannot invest directly in an index. Index returns do not include fees or expenses.
 Turner Financial Group, Inc. is an Investment Adviser registered with the United States Securities and Exchange Commission however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Additional information about Turner Financial Group, Inc. is also available at www.adviserinfo.sec.gov. Advisory services are only offered to clients or prospective clients where Turner Financial Group, Inc. and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Turner Financial Group, Inc. unless a client service agreement is in place.
