The end of the second quarter and the first half of the year will bring a busy week to markets that remain on pace for their worst start to a year in decades.
Stocks soared last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) bounced off their lows to gain roughly 6%. Investors became a bit less pessimistic ahead of the upcoming flood of Q2 earnings reports. Let's look at a few metrics that should stand out in reports on the way from Nike (NYSE: NKE), McCormick (NYSE: MKC), and Constellation Brands (NYSE: STZ).
The worse-than-expected May inflation reading was a tipping point for investors hoping inflation would reverse its trend and begin ticking down. The rude awakening came as the Consumer Price Index increased by 8.6% for the 12 months ending May 31, which the U.S. Bureau of Labor Statistics quoted as the largest 12-month increase in over 40 years. There's no doubt that selling and walking away to stop the bleeding can be an emotional release.