Trading Catalysts: Hawks circle the AI rally

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Trading Catalysts: Hawks circle the AI rally

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Trading Catalysts

Hawks circle the AI rally

Hawks circle the AI rally 08 June 2026

After a strong payroll print last Friday, data prints this week risk further hawkish Fed Equity and Quant Strategy

shift (CPI on Wed, PPI on Thu). Conversely, other events this week could rekindle the AI United States

boom narrative; Oracle earnings, Entergy Day, BofA London TMT conference. However, Paula Andrea Soto, CFA >>

lofty long-term growth expectations and the outperformance of high P/E stocks were LatAm Equity Strategist

two recently-triggered red flags in U.S. our strategists’ bear market signposts, Merrill+55 11Lynch2188 (Brazil)4226

suggesting caution on the S&P 500 from here (see note: Too many red flags. Take Thomas (T.J.) Thornton

profits). The BofA desk has several baskets related to this week's catalysts (see Exhibit 2). Head of Research Marketing

BofAS

CPI and PPI scrutiny after strong payroll last week +1 646 855 2449 Economics

The focus this week will be on the May CPI on Wed (BofAe at 4.2% yoy, in line with Stephen Juneau

consensus) and PPI data on Thu. NY Fed inflation expectations will be released on Mon, USBofASEconomist

and will get more scrutiny than usual due to rising risks of Fed hikes. More on page 3. Equity & Quant Strategy

Savita Subramanian

Equity & Quant StrategistEntergy Investor day lights up US datacenter power trade BofAS

Entergy (ETR) will host an investor day on June 9th (Tue). BofA analyst Ross Fowler Victoria Roloff

expects management to provide a more complete long-term framework, and more detail Equity & Quant Strategist

on the elevated capital build cycle. Investors should also expect further detail on large- BofAS