Stock Market Update

The S&P 500 futures currently trade 40 points below fair value.

Just released, Total CPI increased 0.5% month-over-month in May (Briefing.com consensus 0.5%), following a 0.6% increase in April. That left total CPI up 4.2% year-over-year versus 3.8% in March.

Core CPI, which excludes food and energy, increased 0.2% month-over-month (Briefing.com consensus: 0.3%) following a 0.4% increase in April. That left core CPI up 2.9% year-over-year versus 2.8% in April.