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To infinity and even farther
To:Brew Readers
Homeownership costs are very high...

Welcome back, and HBD to…American fiat currency. On June 22, 1775, the Continental Congress created legal tender and authorized the printing of $2 million. If George Washington has never felt relatable, you should know that by 1778, he was already mad at inflation messing up his budget.

Holly Van Leuven, Brendan Cosgrove, Neal Freyman

In today’s newsletter, we’ll get into:

  • Homeownership costs going through the roof
  • The latest after overnight US–Iran negotiations
  • Possibly the best Father’s Day present given this weekend

MARKETS: YEAR-TO-DATE

Nasdaq

26,517.93

S&P

7,500.58

Dow

51,564.70

10-Year

0.000%

Bitcoin

$64,457.46

Marvell

$310.58

Data is provided by

*Stock data as of market close, cryptocurrency data as of 10:00pm ET. Here's what these numbers mean.

  • Markets: We’ll get an early look at how semiconductor summer is shaping up on Wednesday, when AI dynamo Micron reports earnings and Nvidia holds its annual shareholder meeting. Developments in the Middle East and UK politics could also make waves this week (more on that later).
  • Stock spotlight: Things are good in the Marvell universe. The chipmaker is up more than 247% year to date, and will join the S&P 500 today, along with manufacturing services company Flex.
 

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