Fidelity marks down X valuation by 71.5%
Source: Win Smart, CFA
The rise of digital gold in one chart. In 2012, one ounce of Gold was still worth 400 Bitcoin, now less than 0.05
Source: HolgerZ, Bloomberg
Yesterday Apple $AAPL suffers largest drop since September 6
Source: Barchart
BREAKING: Total US debt hits $34 trillion for the first time in history, putting US debt up 100% since 2014
Since the debt ceiling "crisis" ended in June 2023, total US debt is up nearly $3 trillion. This debt balance is more than the value of the economies of China, Germany, Japan, India and the UK COMBINED. The US is now spending $2 billion PER DAY on interest expense alone. Debt per capita is at a record high of $101,000. Source: The Kobeissi Letter
✨🎉Serotonin, Dopamine, Endorphins, and Oxytocin: The Neurotransmitters of Well-being
Source: SEEMA YADAVSEEMA YADAV
58% of US households own stocks, the highest percentage on record
Source: Charlie Bilello
The gap between the Magnificent 7 and the S&P 493 (remaining 493 companies) is now 63%
This year, the Magnificent7 is up a massive 75% while the remaining 493 companies are up just 12%. Combined, the S&P 500 is up ~25%, more than doubling the S&P 493's total return. In other words, the Magnificent 7 is up 3 TIMES as much as the S&P 500 and ~6 TIMES as much as the S&P 493. Just 7 weeks ago, the S&P 493 was DOWN 2% this year. Source: The Kobeissi Letter
The stock market spent 2022 steadily declining and 2023 steadily gaining, to generally wind up about where it started
Source: Peter Mallouk
