Gold is now the second-most important reserve asset for central banks
Source: ECB, MKS-PAMP, FT
China: The trade war is starting to weigh on activity
Trade balance figures for the month of May reveal a notable slowdown in exports. Source: BCV
JPMorgan Files ‘JPMD’ Trademark For Crypto Payment Services
The bank has filed a new trademark application for “JPMD”, potentially signaling the launch of services tied to crypto trading, tokenized payments, custody, and real-time blockchain transactions. Filed on June 16 with the U.S. Patent and Trademark Office, the “JPMD” mark covers a wide range of offerings — from digital asset trading and fund transfers to crypto-secured financial services and token exchange platforms. While still in early review, this move underscores JPMorgan’s continued commitment to shaping the digital financial infrastructure. Source : coingape
Gold Price over the last 100 years
source : BofA
“Cricket for MAGA?” Trump Mobile launches ‘America First’ phone & service
The Trump Organization has entered the telecom arena with T1 Mobile, a new smartphone and cellular service targeting price-sensitive, patriotic consumers. 🔹 The T1 Phone: sleek, gold, and expected to retail at $499 🔹 Plan: $47.45/month — unlimited talk, text, and data 🔹 Extras include: ✔️ 24/7 roadside assistance ✔️ Telehealth & pharmacy services ✔️ Free international calling to 100+ countries ✔️ No contracts or credit checks The company says the device is “designed and built in the U.S.” — a pointed move amid rising political pressure for domestic manufacturing. The call center will be based in St. Louis, Missouri, not offshore. With Apple facing tariff threats and growing iPhone production abroad, the T1 launch might also be a calculated play to capitalize on protectionist momentum and brand loyalty? Source : zerohedge
Tech Stocks relative to M2 Money Supply Dot Com Bubble vs. Now
source : barchart
Hedge Funds are loading up on Utility Stocks at the fastest pace in 5 years
source : barchart
Blackout Period
Watch out for Jerome Powell's remarks this Wednesday.Then — the Fed enters a new phase:The blackout period ends Thursday, meaning Fed officials will be free to speak again starting Friday. source : evan
