10 things you need to know before the opening bell
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1. US stock futures rise after the Fed's head Jerome Powell soothes inflation concerns. See what markets are doing today.
2. Microsoft hits a $2 trillion market valuation. The tech giant became the second US-listed company to reach that level after Apple.
3. Oil could spike to $100 per barrel in 2022, Bank of America says. People's pent-up desire to move out and about after an 18-month lockdown will likely drive demand and lift prices, it said.
4. Jeremy Grantham reiterates his view that the stock market is in a meme-fueled bubble. He also shared the valuation level that would make him feel comfortable buying stocks again.
5. Blockchain could help fight the climate crisis, UN says. The technology would be helpful in identifying inaccurate or incomplete emissions data, it said in a report.
6. One in three investors thinks bitcoin is 'rat poison.' A JPMorgan survey found cryptocurrencies remain a polarizing topic among investors.
7. On the data docket. Speeches by Fed Governor Michelle Bowman and Boston Fed President Eric Rosengren, MBA mortgage applications, IHS Markit's US Purchasing Managers Index, and the EIA crude-oil stocks update are due.
8. An ex-Goldman trader lays out the 5 'sentimental tops' that he sees in bitcoin. Tony Greer also shares how far the cryptocurrency has to fall before he would be interested in buying the dip.
9. A wild summer for investors is looking increasingly likely. BTIG says making these 2 trades now will help them profit from the 'meme-ification of everything'
10. Goldman Sachs asked its analysts for overlooked stocks that could surge by year-end. The firm ended up with this list of 15 stocks poised to jump at least 10%.