Gary Black: June U.S. CPI shows first monthly decline in six years

Gary Black: June U.S. CPI shows first monthly decline in six years
June U.S. CPI weaker, Fed pressure eases

Gary Black, managing partner and investor at The Future Fund, highlights that June U.S. CPI was much weaker than expected, including the first month-over-month decline in six years.

He points out that this development may ease some pressure on new Federal Reserve Chair Kevin Warsh to raise interest rates.

Black recently observed that U.S. stocks slipped after disappointing Samsung earnings, putting pressure on key technology names. He has also highlighted valuation gaps, noting that investors are paying a 150x multiple for SPCX based on 2026 EV/EBITDA compared to 19x for NVDA. These remarks provide additional context for Black's ongoing analysis of market responses to both earnings and macroeconomic data.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.