Recap Week of June 5th

The Knicks are two wins up, Apple is about to reinvent Siri, and one jobs report just punched rate-cut hopes in the face.

📊 Finance

• The May jobs report came in hot at 172K vs. 85K expected, marking a third straight beat.

• Treasury yields jumped to 4.54%, and Fed hike odds surged to 57%.

• Broadcom crushed earnings but disappointed AI bulls with softer guidance, sending shares down 14%.

• The Nasdaq fell 4.18%, its worst day since the 2025 tariff panic.

• The S&P 500 dropped 2.64%, ending its shot at a 10-week winning streak.

• Next up: ECB rate decision Thursday with markets pricing in a near-certain 25bps hike.

• Bandicoot Watchlist: Oracle ↑ | Adobe ↓

🏀🔥 Sports

• The Knicks stole Games 1 and 2 in San Antonio and now lead the Finals 2-0.

• Brunson is playing through injuries and still delivering clutch buckets.

• Wemby has been dominant at times, but late turnovers and missed opportunities have haunted the Spurs.

• New York joins only the 1993 Bulls and 1995 Rockets as teams to open the Finals with two road wins.

• Game 3 tonight at MSG — the Garden’s first Finals game since 1999.

📱🔌 Tech

• WWDC is Monday, and Apple’s AI overhaul is the biggest keynote in years.

• Siri is expected to get a major upgrade powered by Google’s Gemini infrastructure, with support for Claude and ChatGPT integrations.

• Congress unveiled a sweeping new AI bill that could reshape regulation for frontier labs.

• GitHub Copilot’s new token pricing is already creating sticker shock for some developers.

• Data center demand remains insane, but power grid bottlenecks could delay up to half of planned U.S. capacity.

🎴 TCG Corner

• PSA paused Value grading amid a 10 million-card backlog.

• One Piece OP-16 prereleases begin this weekend with three Manga Rares.

• Pokémon’s Ascended Heroes leads raw set value, while Crown Zenith remains king of pack EV.

• Chaos Rising still isn’t a profitable rip despite headline chase cards.

• Yu-Gi-Oh’s Battles of Legend: Glorious Gallery arrives loaded with extended-art and chibi variants.

🔮 The Week Ahead

The Fed just got a lot less comfortable, Apple is about to show its AI hand, and Madison Square Garden might host the biggest Knicks game in nearly three decades.

Not a bad week for June.

— The Bandicoots 📉📈