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Happy Tuesday Zingernation! I’ve watched enough sci-fi movies to be worried about robots taking over the world. But, according to Jensen Huang and Elon Musk, the robots are coming and there’s gonna be a lot of ‘em.

—Aaron Bry & Nic Chahine

Plus, want to take your options trading to the next level? Check out today’s partner, CBOE.

MARKET SNAPSHOT

Last Week: Surprise, surprise, the market made new all-time highs with chip stocks like Micron and Broadcom leading the way.

On Our Radar: Lots of Fed Speak today, with at least six different Fed officials delivering remarks throughout the day.

TOP STORY

May Retail Sales Fall Short, Suggest Weakening Consumer

Briefly: U.S. retail sales grew 0.1% on a month-over-month basis in May, falling short of estimates for 0.3% growth and hinting at weakness in consumer spending.

So: Core retail sales declined 0.1% on a month-over-month basis in May, against estimates of 0.2% growth.

Nonstore Retailers: This category showed significant growth, with a 6.8% increase over the previous year, highlighting the ongoing shift towards online shopping. Here’s what the economic numbers mean for interest rates moving forward.

PRESENTED BY CBOE

FIVE ZINGERS

Master Plan?: $TSLA has underperformed other Mag 7 stocks, but could Elon’s ‘master plan’ help turn the stock’s performance around?

The Trump Dump: $DJT shares are trading lower again this morning after falling around 5% yesterday. Here’s what’s going on.

Save Money, Make Money: Chegg shares surged Tuesday morning on news that the company is reducing headcount in order to save money.

Summer Lull?: Bitcoin has been relatively weak recently… and some analysts are worried about summer-time sadness in the crypto world.

Is $500k Enough?: The recommended retirement savings amount is $550K, so why are so many Americans are falling short?

ONE FOR THE ROAD

Meta's AI, Metaverse Growth Drive Launch Of New Direxion Leveraged And Inverse ETFs

Briefly: In an exclusive interview with Benzinga, Ed Egilinsky, managing director and head of Sales and Distribution & Alternatives at Direxion, talked about the Direxion Daily META Bull 2X Shares and Direxion Daily META Bear 1X Shares.

So: These ETFs seek to address the growing demand among traders for leveraged and inverse single stock ETFs. Egilinsky said that the inclusion of Meta Platforms Inc in their lineup was a natural progression, give that “META was the sole omission of the Mag 7 within our leveraged and inverse single stock lineup.”

Basically: Meta’s prominence in the AI movement and its frequent media presence make it an attractive stock for traders seeking to capitalize on short-term price movements. Click here for more details on the new AI play.

PRESENTED BY CBOE

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