TRUMP TAPS PALANTIR: A DATABASE FOR ALL AMERICANS….
Trump is moving ahead with a plan to create a sweeping national citizen database using Palantir Technologies. The collaboration, has Palantir’s Foundry platform pulling data from across federal agencies, including health records, bank details, and social services, into one central hub. Critics say it’s a “surveillance nightmare,” with fears it could be misused for political ends. Source: Yahoo Finance, Benzinga, NewsNation thru Mario Nawfal on X
Amazon will be the first company ever to spend more than $100 billion on capital expenditures in a single year.
More than 50% of that CapEx will be spent on tech infrastructure. How much more runway does AWS have to grow? $AMZN Source: finchat
World debt has now officially crossed $300 trillion
And still continues to climb aggressively Source: Bravos Research
Another game changer for bitcoin $BTC and cryptos...
JP Morgan is now offering their clients loans against Bitcoin ETF holdings… Wall Street realizing that Bitcoin is pristine collateral. Liquid 24/7/365 globally. Source: Geiger Capital, Bloomberg
Human nature doesn’t change, just the bubbles change
Source: Michel A.Arouet
US private sector hiring rose by just 37,000 jobs in May, the lowest in more than 2 years… Trump had this to say 👇
Source: Stocktwits
BlackRock Chairman and CEO Larry Fink writes in the FT that the old economic model is coming apart.
So what comes next? He talks about the emerging second draft of globalization, built not just to generate prosperity, but to aim it towards the people and places left behind the first time: https://on.ft.com/4kGO3vQ
After a 24% rally from the April lows, the S&P 500 is now up 5% since the "Liberation Day" tariff announcement.
$SPX Source: Charlie Bilello
