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
Investors added a net $535 million to IShares iBoxx High Yield corporate bond
This was the biggest one-day increase since June 2 and the third straight day of inflows, totaling $897.9 million. The fund's assets increased by 6.9% during that span. The fund has suffered net outflows of $543.4 million in the past year. Source: Bloomberg
Traders Think a July Hike Could Be the Fed’s Last
Odds of the Federal Reserve raising rates twice more this year look less likely after inflation promisingly cooled. A quarter-point hike at the upcoming July meeting remains Wall Street's base case. Source : wsj
Bankrupt Celsius Demands StakeHound Return $150M in Ethereum, Polygon and Polkadot
Bankrupt crypto lender Celsius has accused StakeHound of failing to hand back $150 million worth of various tokens which it had entrusted to the liquid staking platform. In a complaint filed as part of Celsius’s ongoing bankruptcy proceedings, lawyers also alleged that StakeHound had violated bankruptcy rules by commencing an arbitration proceeding against the business in Switzerland. At the heart of the case are $120 million worth of Ethereum (ETH), $30 million in Polygon (MATIC), and Polkadot (DOT) tokens worth $300,000, based on recent prices.
Source: Decrypt
