Share of MSCI World trading at 10x EV/Sales
Meb Faber @MebFaber via ManGroup
The power of 1%
Source: Reads with Ravi @readswithravi
JUST IN:
Fidelity’s Bitcoin ETF has amended its trust agreement to allow in-kind creations and redemptions, meaning shares can be created or redeemed using bitcoin instead of cash, pending regulatory approval. Source: @BitcoinNewsCom
The betting odds of Trump getting impeached again are back to all time highs following the Epstein List news today.
According to the WSJ, The Justice Department told President Trump in May that his name is among many in the Epstein files. Source: Kalshi, SpencerHakimian
Ether ETFs saw $534 million in inflows on Tuesday, the 4th largest on record.
BlackRock alone bought $426 million. That’s now 13 straight days of inflows, totaling over $4 BILLION. Investors including Wall Street are going ALL IN on cryptos. Source: Global Markets Investor
Opendoor. Krispy Kreme. Kohl's. GoPro.
Meme stock mania is back. Source: Brew Markets @brewmarkets
Tesla just posted a double miss for Q2:
~EPS: $0.40 vs $0.42 est ~REV: $22.50B vs $22.79B est Still, the stock $TSLA was up +1% in after-hours trading Here are the details: • Revenue -12% Y/Y to $22.5B ($0.4B beat). • Gross margin 17% (-1pp Y/Y). • Operating margin 4% (-2pp Y/Y). • Capex +5% Y/Y to $2.4B. • Free cash flow -89% Y/Y to $0.1B. • Non-GAAP EPS $0.40 (in-line). Source: App Economy Insights
Copper soars to highest closing price in history 📈📈
Source: Barchart
