NFP, CPI, the Fed, and SpaceX: what’s on the calendar through June 17

Q2 Revenue Projection

$22 billion

Broadcom's projected revenue for the fiscal second quarter, indicating a 47% year-over-year increase.

AI Chip Revenue

$10.7 billion

Revenue from AI semiconductors reported by Broadcom for Q2.

SpaceX IPO Valuation

$1.75 trillion

The expected valuation for SpaceX if the IPO is completed as planned.

§ 01 Executive Snapshot

What: Upcoming macroeconomic and capital-market events through June 17.
Who: Broadcom, Federal Reserve, SpaceX, Bureau of Labor Statistics.
Why it matters: These events will significantly influence market sentiments and trading strategies across asset classes.

Broadcom is expected to report approximately $22 billion in Q2 revenue, marking a 47% year-over-year increase.
The Fed Beige Book will be published on June 3, providing qualitative economic data ahead of the FOMC meeting.
The Bureau of Labor Statistics will release the May NFP on June 5, a critical indicator for labor market conditions before the FOMC meeting.
SpaceX aims for a Nasdaq IPO (SPCX) during the week of June 8-12, with a potential valuation exceeding $1.75 trillion.
CPI data for May will be released on June 10, crucial for understanding inflation trends ahead of the FOMC decision.

Broadcom's earnings have become a key indicator of AI infrastructure investment, reflecting broader trends in technology sector risk appetite.
The upcoming FOMC meeting on June 16-17 is pivotal, with macroeconomic indicators influencing potential interest rate adjustments.

A strong NFP report could diminish the likelihood of interest rate cuts later in 2026, impacting market expectations and trading strategies.
The outcome of SpaceX's IPO could lead to significant capital rotation across risk asset categories, affecting liquidity in the markets.

The Federal Reserve's decisions may be constrained by mixed economic signals from upcoming reports, complicating the interest rate outlook.
SpaceX's IPO remains subject to SEC review and market conditions, adding uncertainty to its expected debut.

Key dates include Broadcom's earnings on June 3, the NFP release on June 5, and the CPI data on June 10.
The success of SpaceX's IPO will be monitored closely, particularly in relation to capital market liquidity dynamics around its debut.

§ 07

What major events are happening through June 17?

Key events include Broadcom's earnings report, the release of the May NFP, CPI data, and SpaceX's potential IPO.

Why is the NFP report important?

The NFP report is a critical indicator for labor market conditions and can influence interest rate decisions by the Federal Reserve.

How might SpaceX's IPO affect the market?

SpaceX's IPO could lead to significant capital rotation across risk asset categories, impacting market liquidity.

When will the Fed Beige Book be published?

The Fed Beige Book is scheduled for publication on June 3.