The Dollar posted its steepest first-half decline in over five decades, as erratic policy shifts and signs of slowing economic activity continue to erode confidence in the reserve currency.
The Dollar Index DXY Index fell 10.8% in H1 2025 as the Dollar weakened sharply against major developed-market currencies. The Greenback tumbled 14.4% against the Swiss franc, 13.8% against the Euro and 9.7% versus the Pound. Emerging-market currencies also rallied, delivering some of their strongest gains in years. (BBG) Source: HolgerZ, Bloomberg
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Invest In Assets 📈 @InvestInAssets
This chart from, BNP / EPFR indicates that the strong outperformance of European stocks this year was primarily driven by US investors shifting their investments into Europe.
In contrast, European investors made only modest shifts. Source: HolgerZ
The top 3 country equity ETFs so far in 2025:
1) Poland $EPOL: +54.5% 2) Greece $GREK: +52.2% 3) Austria $EWO: +42.6% Source: Charlie Bilello
In May, US personal income dropped by 0.4%, the first month-over-month decline in almost 4 years.
Source: Steven Rattner @SteveRattner
Nvidia $NVDA MOAT IS PROTECTED BY THREE KEY PILLARS
• CUDA lock-in -- decades of ecosystem depth and unmatched developer tooling • Supply chain control -- co-designed with $TSM, early access to HBM3E, and vertical coordination • Inference dominance -- where most AI workloads are headed, and where NVIDIA leads on both efficiency and software Source: Futurum Equities @FuturumEquities
Current SP500 bull market vs. history by Grant Hawkridge on X
The S&P 500 is up 72.6% over 678 trading days since the 2022 low, below the average bull market gain of 153.7% over 1,145 days. We’re now in year 3, a phase that’s historically flat and choppy. This bull isn’t young, but it’s not stretched either. History still favors more upside… just not in a straight line.
Why the Social Security math doesn’t work anymore: Why the Social Security math doesn’t work anymore:
When Social Security first started paying benefits in 1940, there were 159 workers putting money in for every 1 person taking money out. The ratio today is less than 3 to 1. Source: Peter Mallouk
