To The Moon

Economic Preview: Key Data Releases (week of 15Jun2026)

Consumer and Demand Indicators

May retail sales are expected to rise by 0.5%. Together with core retail sales, this release should provide a clearer view of consumer demand and spending momentum.

Energy Market Indicator

Crude oil inventory data will also be closely watched, as it offers insight into how producers are positioning for expected market demand.

Federal Reserve and Labour Market

The Federal Reserve’s interest rate decision will be the week’s most closely watched event. Rates are expected to remain unchanged at 3.75%, but the accompanying statement and updated economic projections are likely to have the greatest market impact by shaping expectations for the months ahead. We expect this announcement to introduce volatility across markets.

Initial jobless claims, which previously came in at 229,000, will also be important. This release will offer another reference point for labour market conditions and may influence how investors interpret the Federal Reserve’s policy outlook.

Manufacturing Outlook

The Philadelphia Fed Manufacturing Index will provide a useful read on near-term manufacturing conditions and business sentiment.

Market Closures

Markets in China and Hong Kong will be closed on 19 June for the Dragon Boat Festival. U.S. markets will also be closed on Friday in observance of Juneteenth.

Earnings Calendar (15Jun2026)

I’m reviewing the companies reporting earnings in the coming week: Kruger, Accenture, Jabil, CarMax, and Quantum.

Accenture Overview

Valuation and Market Sentiment

Accenture’s share price has declined by more than 45% compared with a year ago.

At a price-to-earnings ratio of 13.9 and earnings per share of $12.32, the stock appears to offer an interesting valuation opportunity.

From a market perspective, technical analysis indicates a “strong sell” signal, while broader analyst sentiment remains constructive, with a “buy” recommendation and an average price target of $236.86, implying potential upside of more than 39%.

Income Statement Performance (2021–2025)

Over the 2021 to 2025 period, total revenue increased from $50.5 billion to $69.6 billion, gross profit rose from $16.3 billion to $22.2 billion, and net income grew from $5.9 billion to $7.6 billion. Overall, both the top line and bottom line expanded at a healthy pace.

Balance Sheet Performance (2021–2025)

During the same period, total assets increased from $43.1 billion to $65.3 billion, while total liabilities edged up from $33.0 billion to $33.1 billion.

Total debt is a point of concern. It remained around $3 billion for the first four years, but rose sharply to $8 billion in 2025.

Despite this, total equity also increased meaningfully, rising from $20.0 billion to $32.2 billion.

Cash Flow Trends (2021–2025)

Cash flow from operations improved from $8.9 billion to $11.4 billion over the period. Cash flow from investing showed a persistent outflow, while cash flow from financing also declined. Encouragingly, net change in cash improved from negative $247 million to a positive $6.4 billion.

Q1/2026 news around Accenture (from Gemini)

Accenture’s Q1 Fiscal 2026 results highlight a massive shift toward advanced AI deployment amid shifting traditional consulting models.

Financial Highlights

• Revenue: Reached $18.7 billion, a 6% increase in USD (5% in local currency), hitting the top of its guided range.

• Bookings & Earnings: New bookings reached $20.9 billion. Adjusted EPS rose 10% to $3.94, with adjusted operating margins expanding to 17.0%.

• Shareholder Returns: Returned $3.3 billion through dividends and share repurchases.

The AI & Operational Pivot

• AI Surge: Advanced AI bookings skyrocketed 76% year-over-year to $2.2 billion, while AI revenue surged 120% to $1.1 billion. Accenture announced this is the final quarter it will isolate these metrics, as AI is now fully embedded across its business.

• Agentic Scale: Deployed over 3,000 reusable AI agents across 1,300 clients and launched company-wide agentic AI training.

• Market Friction: Despite beating estimates, the stock faced pressure due to fears of AI cannibalizing traditional billable hours and near-term headwinds from U.S. federal spending cuts.

Earnings

For the upcoming earnings, the EPS and revenue forecasts are $3.72 and $18.78B, respectively.

Market Outlook of S&P500 (15Jun2026)

Technical Analysis Overview

MACD Indicator

The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 is on a downtrend.

Chaikin Money Flow

The Chaikin Money Flow (CMF) stands at 0.04, indicating there is more buying momentum than selling pressure in the market.

Moving Averages

Examining the moving averages, the most recent price action shows the last candlestick has been above the 50-day moving average (MA50) and the 200-day moving average (MA200). This pattern indicates a bullish shift in both the short and long term. Notably, both the MA50 and MA200 lines have begun to trend upwards, which indicates a bullish outlook in both the short and long term.

Exponential Moving Averages

The exponential moving average (EMA) lines are showing a bearish outlook, but with the coming convergence, there is a potential reversal.

Other Technical Analysis

Using “Daily” intervals, the technical indicators are showing a “Neutral” rating. 12 indicators have a “Buy” rating and 12 indicators have a “9” rating.

CNN Fear & Greed Index

The market fell into the “Fear” zone with a score of 34.

Weekly Outlook

Based on the above, the S&P500 should be leaning bearish entering the new week.

News and my thoughts from the past week (15Jun2026)

The preferred sequence should be legislation to governance to innovation but now, governance and legislation are catching up with innovations. There's risk. Without governance, aligning innovation with legislation can be painful. - Pukka Solutions

"people gotta understand... [SpaceX] raised $75 billion... [and only] floated 5% of the stock... it's a very small float". "[But its valuation], that's a different story". "$1.7 trillion did not go to SpaceX. [It is] $75 billion. So people need to understand that". "then when Anthropic and OpenAI, if they ever make it to IPO, they're going to raise about $100 billion each. So the total raised actual real money is about $300 billion between these three IPOs". "Their valuations, that's a different story. And those probably won't hold and they'll probably, you know, go down 80%. So anybody buying these stocks at these prices is probably going to lose a lot of money if they hold on to them" - Former BlackRock fund manager Ed Dowd on the SpaceX IPO

Out of 120 U.S. data center builds planned for 2026, less than 30% have actually broken ground with the rest only existing on paper or have been cancelled. This news comes after questions about AI profitability and demand continue to swirl. - X user Financelot

Apple stock falls -5% from its high of day after unveiling Siri AI, its biggest AI release ever. - X user the Kobeissi Letter

My Investing Muse (15Jun2026)

Layoffs, closures and Delinquencies

The latest filings include a mix of Chapter 11 re-organizations and Chapter 7 liquidations involving trucking carriers, freight brokers, logistics consultants and transportation service providers operating in Illinois, Tennessee, Maryland, North Carolina and Michigan. - FreightWaves

News summary from Gemini

The global layoff landscape for the week of June 8, 2026, marks a decisive macro shift: companies are aggressively substituting traditional workforce overhead to fund and integrate agentic AI workflows. Over 55% of global tech layoffs this year now explicitly cite AI restructuring.

• Tech & Gaming Adjustments: Sea Group’s Shopee cut hundreds of developer roles (~8% of engineering) globally, offering “N+2” severance in regional hubs. Google Cloud downsized security units like Mandiant, while Microsoft’s Xbox division signalled major upcoming post-fiscal-year cuts and marketing budget slashes under a leadership overhaul.

• Supply Chain Automation: In logistics, Asda placed 1,000 UK warehouse jobs at risk via automated upgrades, alongside a major HelloFresh distribution center closure.

Crucially, market insights reveal this is less a complete contraction and more a talent redistribution; while standard backend roles shrink, global capital is aggressively pivoting toward specialized AI infrastructure, optimization, and advanced engineering capabilities.

My thoughts

SpaceX valuation: $1.8 TRILLION Walmart valuation: $920 BILLION SpaceX revenue: $18 BILLION Walmart revenue: $713 BILLION

The price and value are 2 different things. Can we reduce price against the backdrop of increasing costs? Can we deliver more value with the price that the customers pay?

Bank of America has raised concerns about “too many red flags” and has advised investors to “take profits”. Is this selling fear or genuine advice?

Innovation, Governance and Legislation

For businesses, innovation leads governance, and it could take time for legislation to catch up. There is a season when innovation would feel like the wild west of technology. Unfortunately, people with criminal intent could lead the legislation for some time. It would usually take some landmark cases and public pressure for legislation to speed up.

This has been typical in most innovations. However, setting up a proper governance system would ease the legislation and innovation alignment. This is something that we should explore.

Market Backdrop

Markets appear to be stabilising after the previous Friday’s selloff, although the geopolitical backdrop remains fragile. The current ceasefire in the Middle East still looks tenuous, and recent military exchanges suggest that tensions could escalate again. Any further deterioration would likely keep risk sentiment volatile and limit the durability of any short-term market rebound.

Long-Term Investment Perspective

For long-term investors, the priority remains the same: identifying high-quality businesses at reasonable valuations. That discipline becomes especially important when markets are willing to assign very high valuations to companies whose revenue and earnings have not yet fully caught up with expectations.

There is understandable enthusiasm around companies such as SpaceX and leading artificial intelligence firms, particularly amid continued discussion of potential public listings. Even so, a strong narrative does not eliminate execution risk, and investors should be cautious about paying elevated prices solely on the expectation that future growth will justify them.

This remains an exciting period for innovation and capital markets, but patience and valuation discipline are still essential. Some businesses may offer significant long-term upside, yet leadership teams will need time to translate promise into durable financial results.

Financial Strategy and Outlook

Let us spend within our means, invest only what we can afford to lose, and avoid leverage. Let us review our current holdings and divest from businesses losing their competitive advantages. Additionally, I will consider adding both hedging strategies and defensive positions to our portfolio to mitigate risk.

As we move forward, it is crucial to conduct thorough due diligence before assuming any new responsibilities.

Wishing everyone a successful week ahead.

@TigerStars

$Vanguard S&P 500 ETF(VOO)$

$Cboe Volatility Index(VIX)$

$Accenture PLC(ACN)$