Police fatally shot a man Tuesday about a mile away from the main Republican National Convention venue in Milwaukee, CNN affiliate WISN reported.
Witnesses told the station that two men were fighting in a local park when one of them pulled a knife out. Witnesses said the men were startled when officers responded and the man with the knife was shot by multiple officers, WISN reported, noting those details had not been confirmed by police. Source: CNN
Peter Lynch about the risks of over-diversification
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A vision of the future from 1930.
Source: Jon Erlichman
The quickest way to build a business? Focus on retention! 💡
As highlighted by Corporate Rebels, here’s how a firm can make work more fun and turn customers into lifelong fans: ✅ Prioritize customer service over profits to earn loyalty. ✅ Treat employees like owners and give them autonomy to keep customers happy.
Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total bitcoin ETF holdings.
While not all can be considered institutional investors, significant numbers are included - e.g Millenium, Susquehanna, Horizon Kinetics, Jane Street Group, Schonfeld, Morgan Stanley, Point72, Farallon, tc. Viewing ETF inflows solely as retail contributions seems inappropriate. Source: Ki Young Ju
"Trump trade" (or the inflation rotation trade?) – Russell long vs Nasdaq 100 short – gains momentum.
Source: HolgerZ, Bloomberg
Markets now have a BASE CASE of 6 FED interest rate cuts over the next year.
The base case shows rate cuts at every meeting remaining in 2024 starting in September. Discussions of a 50 basis point interest rate cut have even begun to emerge. This feels a lot like January 2024 when the market went from pricing-in 3 rate cuts in 2024 to 7 in a matter of weeks. Source: The Kobeissi Letter, CME
🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥
🔉 Just as Powell signals rates cuts before inflation comes down to 2%... Source: Bloomberg
