A nice post by Corporate Rebels: The iceberg of ignorance is killing your company.
▪️ Top execs see 4% of problems. ▪️ Team leaders see 74%. ▪️ Frontline staff see 100%. The point is clear: Critical info gets lost on the way up. Yet most leaders hide in offices, making decisions in a vacuum. Corporate Rebels has identified the following behaviour best leaders demonstrate: 👉 They walk the floor. 👉 They do the dirty work. 👉 They value frontline voices. 👉 They build trust, not fear. 👉 They make sure info flows freely. Very interesting. In a nutshell: " No trust? No truth. No truth? No progress".
The top 20 best performing SP500 stocks year-to-date
Source: Slickcharts
$SPX call option volume has surged to completely unprecedented heights over the last four years.
We see over $1.2 trillion in notional trading daily, with over 50% of that expiring the same day, and 75-80% within a week. Short-dated flows have a BIG influence on the market. Source: Markets & Mayhem
Foreigners will sell all of US bonds they say...
Source: Bloomberg, Ryan Detrick
So far, this has been the year of precious metals🔥
Performance year-to-date: Platinum +42% Gold +27% Silver +22% Bitcoin +9% The S&P 500 +3% Since the beginning of 2024: Bitcoin +149% Gold +63% Silver +52% Platinum +33% S&P 500 +26% Source: Global Markets Investor
Who would have expected this?
The US bombed Iran over the weekend. Naturally, the SP500 rose 2% on Monday-Tuesday while Crude Oil fell 12% and the hashtag#Volatility Index $VIX crashed 15%. Just as everyone predicted… Source: Charlie Bilello
Germany and Italy are facing calls to move their gold out of New York following President Donald Trump’s repeated attacks on the US Federal Reserve and increasing geopolitical turbulence.
Fabio De Masi, a former Die Linke MEP who joined the leftwing populist BSW party, told the Financial Times that there were “strong arguments” for relocating more gold to Europe or Germany “in turbulent times”. Germany and Italy hold the world’s second- and third-largest national gold reserves after the US, with reserves of 3,352 tonnes and 2,452 tonnes, respectively, according to World Gold Council data. Both rely heavily on the New York Federal Reserve in Manhattan as a custodian, each storing more than a third of their bullion in the US. Between them, the gold stored in the US has a market value of more than $245bn, according to FT calculations. The Taxpayers Association of Europe has sent letters to the finance ministries and central banks of both Germany and Italy, urging policymakers to reconsider their reliance on the Fed as a custodian for their gold. Source: FT
Oil prices fall 5% after Trump says China can continue buying oil from Iran.
“China can now continue to purchase Oil from Iran,” Trump said in a post on his social media platform Truth Social. “Hopefully, they will be purchasing plenty from the U.S., also. It was my Great Honor to make this happen!” Trump threatened in May to ban any country that buys Iranian oil from doing business with the U.S. China purchases the vast majority of Iran’s oil exports. Source: CNBC
