US Federal Government Spending as % of GDP...
1950s: 17% 1960s: 18% 1970s: 21% 1980s: 22% 1990s: 21% 2000s: 20% 2010s: 23% 2020s: 27% Source: Charlie Bilello
$HIMS spectacular revenue growth
Hims & Hers Health is a company that offers online consultations and treatments for sexual performance, hair regrowth, skin care, weight loss, and mental health. Learn how Hims connects you with licensed providers, delivers innovative products, and provides 24/7 support. Market Cap is $12.3 billion. Source: Investing visuals NB: This is NOT an investment recommendation
➡️ Our Global M2 proxy continues to point to supportive liquidity dynamics for risk assets in the weeks ahead.
➡️ The link between our Global M2 proxy and the Bitcoin continues to hold remarkably well and to point to still more short-term upside potential for the BTC. ➡️ Interestingly, our Global M2 proxy suggests a pause in the upward trend for Equities and Bitcoin in the second half of June (taking into account the 10-week lag). But the recent resuming of the M2 upward trend, if extended, would point to a resuming of positive market dynamic for July. NB: This is NOT an investment recommendation. Liquidity is one among the numerous indicators that need to be considered Source: Syz Research
According to the aggregate strategic asset allocation of family offices published in the latest UBS Global Family Office Report, gold is NOT a crowded trade, far from it...
I don't see an allocation to bitcoin either by the way. file:///C:/Users/cmonchau/Downloads/global-family-office-report-desktop2025.pdf
🚨We've seen a HUGE reversion to the mean so far this year with Eurozone stocks UP 24% and International stocks overall are UP 14% while the S&P 500 is DOWN 1%.
This comes after 16+ years of US outperformance, the longest run in history. Source: Charlie Bilello
The new trade on Wall Street: T.A.C.O (Trump Always Chickens Out)
Stocks and bonds retreated last week as fiscal & trade worries resurface. Over the week-end, Trump agreed to delay the date for a 50% tariff on goods from the EU to July 9 from June 1. This morning, US Stock Futures are spiking ("The T.A.C.O trade" idea comes from a tweet on X by HolgerZ)
Right smack in the middle of a 5 year channel...
Which side gets tested next? Source: Trend Spider
The best performing stocks in the SP500 this year....
Source: Charlie Bilello
