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The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034.
Such deficits have never occurred outside of major crises and wars. This projection also assumes no recession and lower interest rates than currently. Source: BofA, Global Markets Investor, Moody's
BREAKING 🚨: Small Cap Stocks
Small Caps $IWM are now underperforming Mega Cap Tech Stocks by the largest margin in history 📉📉 Source: Barchart
Long-term investing cheat code
Buying SP500 $SPY near the 200-week has basically been free money for 15 years. Wild. Source: Trend Spider
Investors hold very little exposure to energy stocks today, from a relative perspective.
This is often the kind of setup that leads to a meaningful shift in positioning. Source: Otavio (Tavi) Costa @TaviCosta, BofA
In case you missed it...
ELON MUSK’S X IS REPORTEDLY PLANNING TO LAUNCH IN-APP TRADING & INVESTING
JAPAN MAY CORE CPI INFLATION RISES 3.7% Y/Y; EST. 3.6%; PREV. 3.5%
HIGHEST SINCE JANUARY 2023 $JPY Source: investing.com
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