A risk-off rotation hit U.S. equities as Middle East tensions, sticky inflation, and Fed “higher for longer” worries cooled sentiment and threatened the S&P 500’s nine-week win streak.

Key Shifts You Can't Miss

Tech’s heater came to a halt this week in a classic risk‑off rotation. Geopolitical flare‑ups, sticky inflation, and a “higher for longer” Fed backdrop pushed investors to take profits in AI and semiconductor leaders. While the Alpha Picks portfolio did take some hits this week, it’s held up quite well given the churn. It’s worth emphasizing that...

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What to Expect This Week

Looking ahead, next week’s CPI print will be a key catalyst for rate expectations, risk appetite, and how quickly investors...

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The S&P 500 is on track to snap a nine‑week winning streak, with its first weekly loss of the quarter.

Chart

Source: Financial Times

 

AI Rally Hits Pause

U.S. equities lost some of their recent momentum this week amid a rise in risk aversion, driven by a combination of macro and geopolitical concerns. Markets began to soften midweek following renewed tensions in the Middle East tied to Iran, which coincided with persistent inflation worries and a growing realization that...

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Alpha Picks performance is +411% vs the S&P 500's +95% since launching in 2022.* Discover how it works »

 

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*Performance between July 1, 2022 and June 5, 2026.

Alpha Picks adds two stocks per month—on the closest business day to the 1st & 15th. Alpha Picks removes stocks based on rating thresholds (i.e., when a rating changes to a sell). Performance is calculated and reported daily using time-weighted returns. For more details on the performance calculation and methodology of Alpha Picks, click here.

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