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The Broadening Market Rally, AI ETFs vs. Stocks, and the Disney Dilemma 7/12/23

The Exchange

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The Fed's Reaction to the Labor Market's Cooling

The rise in consumer prices smaller than expected last month, and even that number is being propped up by housing and insurance costs. Some believe it's exactly the signal the Fed was looking for to stop hiking but Morgan Stanley's cheap economist says a July hike is still on the table. NASA shared a stunning image to mark the one-year anniversary of the web space telescope. It shows a close-up of dozens of stars at the moment of birth.

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