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10 Things You Should Know This Week

Week of 6/21/26

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1

To infinity and beyond – SpaceX’s debut shattered records, with the company reaching a valuation above $2 trillion after raising $75 billion in the largest IPO ever—roughly triple the size of Alibaba’s prior record. More than 500 million shares traded on opening day, and the surge pushed Elon Musk to become the world’s first trillionaire, marking a sharp turn for a company he once gave less than a 10% chance of success. (Source: CNBC)

2

The dot plot thickens – The Federal Reserve held rates steady at 3.5% to 3.75% for a fourth straight meeting but signaled a more cautious stance by stripping out language that previously pointed toward future cuts. Updated projections now show a median rate of 3.8% by year-end, with policymakers split but leaning toward at least one hike, as inflation expectations for 2026 were revised up to 3.6%. (Source: CNBC)

3

Okay, there’s good news and bad news – Vietnam’s economy is expanding at one of the fastest rates globally, with GDP growth reaching 8% last year and the VN Index climbing 36.78% over the past year as manufacturing, exports, and consumer demand accelerate. Despite the success, an estimated $160 billion or more is needed for infrastructure, while pressure continues to build from labor shortages, rising costs, and reliance on foreign investment. (Sources: Forbes and Morningstar as of 6/15/26)

4

Party like it’s 1995 – Japan’s central bank raised interest rates to 1%—its highest level in 31 years—as it moves to get ahead of a potential wave of “war inflation” tied to surging energy costs and supply disruptions. With Japan heavily reliant on imported fuel and the yen under pressure, policymakers are acting early, signaling a shift away from years of ultralow rates as global conflicts and currency dynamics reshape the inflation outlook. (Source: The New York Times)

5

Running on fumes – The US Strategic Petroleum Reserve has dropped to about 340 million barrels, its lowest level since 1983, after another 8.9 million barrels were released in a single week. The stockpile is now down roughly 75 million barrels, or 18%, since late February, leaving reserves less than half full and highlighting how sustained emergency drawdowns have sharply reduced the country’s buffer against future supply shocks. (Source: CNN)

6

Is this the real life? Is this just fantasy? – AI-generated deepfakes are surging ahead of the midterms, with the number of manipulated videos and images shared on social media jumping from about 500,000 in 2023 to roughly 8 million last year. As the volume grows, so does concern around impact, with about 85% of Americans saying AI-generated political content is likely to spread misleading information during the election cycle. (Source: The Wall Street Journal)

7

Just another manic Monday – Working parents are feeling the squeeze from both sides: 60% say they don’t spend enough time with their children, and nearly half report missing important moments because of work. Yet 85% still describe their relationships with their kids as positive, pointing to a disconnect between time available and time desired—one that helps explain why roughly 8 in 10 say greater flexibility could make a meaningful difference. (Source: The New York Times)

8

The kegs didnae stand a chance – Boston’s bars have been stretched thin by the arrival of the “Tartan Army,” with tens of thousands of Scottish fans flooding the city during the World Cup. At the Samuel Adams taproom alone, the surge meant nearly 90 kegs poured, or about 4,000 pints, while other spots churned through as many as 180 kegs combined—enough to drain taps, trigger emergency shipments, and turn a typically slow stretch into a rare sales spike. (Source: Axios)

9

An American tradition: fried sugar – McDonald’s is tapping into nostalgia by bringing back its original Fried Apple Pie (its first-ever dessert) for the first time in more than 30 years, following years of fan demand. Unlike the baked version introduced in the 1990s, the limited-time returning pie features a crispy, fried shell and classic filling made with American-grown apples. (Source: Yahoo)

10

Dust off the ticker tape – The Knicks’ long-awaited title run ended one of the most enduring droughts in US sports, delivering the franchise’s first championship since 1973 and snapping a 53‑year wait. It also marked just the team’s third title overall and their first visit to the finals since 1999. (Source: Yahoo Sports)

 

 

Investing involves risk, including the possible loss of principal. ● Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets

Past performance does not guarantee future resultsIndices are unmanaged and not available for direct investment. 

The VN Index is the primary benchmark of Vietnam’s stock market, measuring the performance of all companies listed on the Ho Chi Minh City Stock Exchange.

Hartford Funds may or may not be invested in the companies referenced herein; however, no particular endorsement of any product or service is being made. 

 

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