The Day Ahead: Jerome Powell to Testify, Global Gender Gap Report & Vinyl LP Anniversary

Closing Bell

Well, let's look ahead at the events that are short of markets. Tomorrow. Fed chair Jerome Powell is set to testify before the House Financial Services Committee for two days starting tomorrow to deliver the central bank's semi annual monetary policy report. Likely there will be a question on the fed's decision to pause those rate hikes. But anything that we can glean from the path forward on inflation and the economy and rates will be of keen interest to the stock market and investors. And the World Economic Forum is going to announce its annual global gender gap report tomorrow. The annual report is designed to measure gender equality and assess how well countries are doing in regards to resources and opportunities. Well, last year's report indicated it's going to take 132 years to close the gender gap way too long. And tomorrow marks the 75th anniversary of the vinyl LP. Take a look on June 21st of 1948 Columbia Records introduced the micro groove 12 inch 33 and a third R PM vinyl LP. It revolutionized Dr playback by extending the playing time by more than 20 minutes per side. Previous attempts by other labels had failed. But Columbia's format became the first successful launch, leading to the birth of the modern vinyl LP. The inaugural recording on this format was Mendelsohn's violin concerto performed by the Philharmonic symphony orchestra of New York. And tomorrow, it's official the summer solstice. What's considered to be the longest day of daylight of the year. If you are in the northern hemisphere, summer will officially start at 10:57 a.m. Ok. Less than 24 hours away. I'm ready for summer. I'm just going to say it. I hope you are too.