More bullish signs on bitcoin.
Bitcoin HODLers remain in a regime of accumulation, continuing to absorb coins at a rate of +27.1K BTC / Month. Only 11.5% of Bitcoin supply left on exchanges, lowest in over 5 years. Source: Glassnode
US inflation eased further in June w/core & headline coming in each at 0.2% MoM (v.s 0.3% expected).
Headline CPI slowed to 3% YoY vs 3.1% expected (and lowest since March 2021), core dropped to 4.8% YoY vs 5% expected. This is the 12th straight month of YoY declines in headline CPI - equaling the longest streak of declines in history (since 1921)... Source chart: Bloomberg
Chinese money trends are improving
M1 and M2 growth 3% and almost 2% on the month. Japan & China are the only places with positive money growth... Source: Andreas Steno Larsen
7 key lessons from the Millionaire's next door
1️⃣ Live below your means 2️⃣ Invest a significant portion of your income 3️⃣ Have a long-term plan 4️⃣ Create passive income 5️⃣ Be frugal 6️⃣ Avoid debt 7️⃣ Invest in yourself (source: Compounding Quality)
Financial Cheat Sheet
Great financial cheat sheet by Compounding Quality
Market Behaving Like Past Decade's Pattern Has Been Broken
Going back to 1950, this is currently the 9th longest stretch without the S&P 500 making a new all-time high. Source: Willie Delwiche
SP500 top 10 weights - market cap vs. earnings contribution
Source: J.P.Morgan Asset Management
Larger Corporate Bankruptcy Filings, per Year through June
Bankruptcy filings by larger corporations in the first half of this year rose to the highest level since the same period in 2010, when they were coming down from the Financial Crisis Source: www.wolfstreet.com, WallStreetSilver