E492 - S&P 500 Slips as Tech Fades, Inflation Heats Up

MRKT Matrix - Tuesday, May 12th

S&P 500 retreats from record as tech rally cools off, inflation flares up (CNBC) Prices at the Pump Are Wiping Out Wage Gains (WSJ) Traders believe inflation could near 5% this year (CNBC) Trump Says Trade, Not Iran, Will Be Priority in Summit With Xi (Bloomberg) Jamie Dimon Warns of ‘Stupid’ Trade Issues Between US, Europe (Bloomberg) CME Group and Silicon Data Partner to Launch First Compute Futures (CME Group) Traders will soon be able to bet on computer chip prices as AI drives costs skyward (CNBC) Amazon staff use AI tool for unne...