Spencer Platt/Getty Images
Summary List PlacementSign up for Insider Investing for your weekly markets analysis.
Here's what you need to know before markets open.
1. Global shares trade near record highs ahead of the Fed, inflation concerns ease as red-hot commodities cool. US futures edged slightly higher as investors awaited the central bank's policy announcement.
2. Jamie Dimon says JPMorgan has stockpiled $500 billion in cash that it will look to invest as inflation picks up. "I think you have a very good chance inflation will be more than transitory," Dimon said.
3. The UK unemployment rate fell to an eight-month low in April as pubs and restaurants reopened. Britain's economy is recovering at a rapid rate from a strict lockdown in the winter.
4. Warren Buffett's favorite market indicator surges to a record 133%, signaling global stocks are overvalued and at high risk of crashing. Buffet's indicator is screaming bubble to some, but for others it is a faulty gauge.
5. Lumber prices sink below $1,000 for the first time since March, now down 40% since May's record high. Part of the reason for lumber's recent skid is expanding supply.
6. Earnings expected. Oracle reports quarterly figures.
7. On the data docket. US retail sales numbers are in focus.
8. Fintel has developed a mathematical model designed to identify short-squeeze candidates before they surge. The firm says these 5 stocks are prime candidates for an explosive AMC-style squeeze right now.
9. The global markets strategist at crypto brokerage eToro explains why bitcoin is a value-add to any portfolio. Ben Laidler also shares 3 altcoins that he's seeing rise in popularity on the platform.
10. Goldman Sachs says growth stocks will start outperforming again by year-end. The firm says to buy these 37 stocks that will offer strong returns with minimal risk throughout 2021.
NOW WATCH: How the 1999 Russian apartment bombings led to Putin's rise to power
See Also:
- A ProPublica journalist explains how Jeff Bezos, Elon Musk, and other billionaires approach taxes in a new interview. Here are the 15 best quotes.
- Morningstar lays out the 10 highest-conviction bets being made by US stock-pickers right now — and shares 4 Big Tech names that look cheap
- Goldman Sachs' senior portfolio strategist breaks down why now is the right time for investors to shift to equities from credit