7:00 AM Flash: Ken Griffin Warns Inflation Still 'Deeply Triggering' as Eggs Hit $8 a Dozen
Good morning, everyone. Here's your seven AM market snapshot. Gold is trading at four thousand five hundred twenty three dollars. WTI crude is at ninety six point six dollars a barrel. And Bitcoin is currently at seventy seven thousand one hundred sixty four dollars.
Breaking this morning, billionaire Ken Griffin is sounding the alarm, warning Americans are still getting hurt by what he calls deeply triggering inflation, as a dozen eggs now costs eight dollars in many parts of the country. The comments are adding pressure to rate cut expectations and keeping bond yields elevated in early trading.
In other market moving news, Wall Street appears to be mispricing Sunrun as America's largest distributed power plant, while Limbach Holdings is drawing attention for its cheap valuation despite temporary headwinds. On the technology front, memory chip demand is expected to enter a supercycle in twenty twenty six, positioning Micron and Sandisk as two of the hottest names on the Street right now.
And in other news, Fidelity and AARP are flashing a major warning on four oh one k plans, saying many Americans could lose between twenty five and thirty five percent because of sequence of returns risk in retirement.
This is Miss Vicky from the Options Desk at VixShield, where it's not news till we talk about it. Stay with us as Russell Clark joins with more analysis.