Stocks are riding an earnings hot streak - but investors are facing a summer that rife with risks
U.S. stocks hit record levels heading into Memorial Day, but MarketWatch cites risks for the summer: accelerating inflation that could lift bond yields, and a heavy IPO pipeline that may pull liquidity from existing shares. SpaceX’s SEC filing (reported potential $80B+) and OpenAI’s planned September IPO are highlighted. Oil inventories are falling fast; WTI is about $96.60 and gasoline averages $4.552.