Good afternoon and welcome to Markets Desk.
The Trump Accounts app went live on the App Store on May twenty-eighth, and parents of children born in two thousand twenty-six are already downloading it to claim the government-seeded one-thousand-dollar investment account. Financial advisors are cautiously optimistic, but the long-term mechanics and tax implications remain a work in progress for most families navigating it.
Shifting to the broader market picture, Yardeni Research is making a bold call — that both the S-and-P five hundred and gold could each reach ten thousand by the end of the decade. The thesis rests on continued earnings expansion driving equities, while persistent fiscal deficits and geopolitical uncertainty keep institutional demand for gold elevated in tandem.
And on the AI front, a growing chorus of corporate executives is pushing back on the cost side of artificial intelligence investment. OpenAI's Sam Altman and Google's Sundar Pichai are both acknowledging the pressure from chief information officers asking a pointed question — where is the revenue? Uber's chief operating officer has added his voice, warning that rising AI bills are not yet delivering commensurate returns, a tension that could reshape enterprise technology spending through the back half of this year.
That's the tape. Markets Desk, signing off the floor.
