May 13 Update

CPI & PPI numbers were higher than expected.

Higher oil = higher inflation = higher interest rates

Not only oil, other products and services have higher prices.

AI investment is driving the market.  Higher interest rates might be an obstacle. 

China summit might be a catalyst – maybe tariff reduction, more Chinese investment in US & buying more agricultural commodities, etc. 

Some of the business leaders on President Trump’s trip to China:

1. Elon Musk, Tesla and SpaceX CEO

2. Tim Cook, Apple CEO

3. Larry Fink, BlackRock CEO

4. Stephen Schwarzman, Blackstone CEO

5. David Solomon, Goldman Sachs CEO

6. Jane Fraser, Citigroup CEO

7. Kelly Ortberg, Boeing CEO

8. Michael Miebach, Mastercard CEO

9. Ryan McInerney, Visa CEO

10. Larry Culp, GE CEO

11. Sanjay Mehrotra, Micron CEO

12. Cristiano Amon, Qualcomm CEO

13. Brian Sikes, Cargill CEO

14. Dina Powell McCormick, Meta Executive

15. Jacob Thaysen, Illumina CEO

16. Jim Anderson, Coherent CEO