The S&P 500 reached a record $54.3 trillion in market cap last week, adding $1.1 trillion in 1 week.
Since the August low, the index's market cap is up a massive $8.5 trillion. Furthermore, the index has added $12.4 trillion in value since the beginning of 2024. The S&P 500 has added 78% of Europe's market cap and DOUBLE the size of the Japanese market in 1 year. As a result, the US market cap to GDP ratio has reached an all-time high of 209%. Source: The Kobeissi Letter
All eyes on the Nasdaq 100.
Over 25% of stocks in the index report earnings this week... Source: Trend Spider
Incredible stat: 98% of Warren Buffett's current net worth of $146 billion came after he turned 65
"My life has been a product of compound interest." - Warren Buffett Source: Peter Mallouk
🚨The current financial system benefits the RICHEST and hits the poorest:
The Top 10% of US households now own $111 trillion of all wealth or 69% of the total. The Bottom 50% holds ONLY $3.9 trillion or 2.4% of wealth. Since 2021, their wealth adjusted for inflation DECLINED by 5%. Source: Global Markets Investor
Central Bank Gold Reserves
Interesting thing on this is how even after their big buy-up, Russia & China lag far behind USA + Eurozone holdings of gold. Source: Callum Thomas, Visual Capitalist
In the us, Home buying conditions have collapsed to levels NEVER seen in 65 years
Source: Bravos Research
Words used most often in Trump's speech.
Source: Wall Street Mav
JUST IN: Senator Cynthia Lummis appointed as chair of the Senate Banking Subcommittee on Digital Assets.
She wants to "urgently pass" legislation for a Strategic Bitcoin Reserve Source: Bitcoin Magazine
