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• Switzerland: 12.4% • Hong Kong: 8.6% • United States: 7.1% • Netherlands: 7.0% • Singapore: 5.5% • United Kingdom: 3.9% • Germany: 3.2% • Japan: 2.2% • China: 0.4% • India: 0.06% In Switzerland, roughly 1 in 8 people is a US dollar millionaire. Source: Thierry from arvy 🇨🇭

U.S. margin debt climbed to a record $1.3 trillion in April 2026, marking a 53% increase from a year earlier. The sharp rise reflects growing investor risk appetite and increased leverage amid surging equity valuations and strong stock market momentum. Historically, rapid expansions in margin borrowing have coincided with periods of elevated market optimism and heightened speculative activity. Source: Econovis

The country that was once the world's largest sovereign buyer has now sold over $4bn worth of its reserves this year. Its holdings are now at the lowest level since the day it invaded Ukraine. The reason: energy revenues are not covering the war's costs, and Russia is looking to plug the budget gap. The irony is that it's doing this at record gold prices. The only silver lining for Moscow is that it picked a good time to sell. Source: Bank of Russia, Bloomberg

Source: Finviz

If you had invested $10,000 in the Nasdaq 100 ETF $QQQ at the PEAK of the dot-com bubble in March 2000, your investment would be worth around $61,650 today — a gain of +516%, or +7.2% annualised. And that’s despite navigating through 9/11, the 2001–2002 recession, the Global Financial Crisis, COVID-19, and major geopolitical conflicts including Russia-Ukraine and tensions in the Middle East. As Warren Buffett famously said: “Never bet against America.” Source chart: Rand Group

SK Hynix alone now commands a weighting equivalent to Tencent and Alibaba combined, after more than doubling in market value this year. Together with TSMC, the 3 chipmakers account for more than 25% of the entire index and have contributed over 70% of its gains so far in 2026. This is reminiscent of late 2020, when Chinese companies accounted for more than 40% of the MSCI Emerging Markets Index. When Chinese stocks peaked in February 2021 and subsequently collapsed, the broader EM index entered a 15-16 month bear market, falling ~50% from peak to trough. Even emerging market indexes are extremely concentrated. Source: Global markets Investors, Bloomberg Opinion

Source: TrendSpider

Source: Lawrence McDonald, Bloomberg