🦉 CAVA's Per-Restaurant Stock Value Outshines Chipotle's

‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Unsubscribe Your Evening Recap for Wednesday, June 19th Equity markets will open near an all-time high following the Juneteenth holiday and will likely continue higher over the summer. The FOMC and inflation remain reasons to worry but have become a pile of bricks used to build a Wall of Worry that keeps increasing. The market is moving higher on earnings growth and will likely rally until the outlook for earnings changes, and there are only two possibilities to look forward to. The first is a soft landing for the economy, an interest rate cut, and S&P 500 earnings stability, if not growth. The second scenario includes a hard landing, recession, and earnings contraction. In the first scenario the S&P 500 can continue to rally indefinitely, in the second a significant correction would follow. The question for investors is if the economy can sustain growth until the FOMC cuts rates or if it will reach its peak and begin to recede before they do. As it is, the first cut isn't expected until November, and it may not come then. Featured: Under-the-Radar Cryptos for HUGE Gains (Crypto 101 Media) The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. If you give a hoot about the market, read your copy every Tuesday, Thursday, and Sunday evening.   MarketBeat Media, LLC 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com   Unsubscribe View as a Web Page   Today's Bonus Content: Biden replacement revealed?