Cramer said investors should buy SpaceX $SPCX for their kids
Source: Barchart
911.5 million SpaceX shares worth nearly $100 billion unlock today.
Only about 639 million shares trade freely right now. So the amount unlocking is roughly 1.4 times the entire float. $SPCX is already down 52% from its all-time high with just 4.9% float. Source: Bull Theory
US Treasury will buy back $69,000,000,000 of its own debt over the next 90 days.
Source: The Macro Paper
64% of Young Men Who Trade Stocks Daily Feel Like Failures.
A new study found that daily stock trading is highly correlated with demoralization in young men, with 64% of men aged 18-29 who trade stocks daily reporting feelings of failure (via Family Studies, a pro-marriage think tank) via @SimoneFoxman Source: Eric Balchunas @EricBalchunas Bloomberg
From beta to alpha ?
57% of S&P 500 stocks are beating the $SPX this year, the most in a decade 🤯👀 Source. Barchart, Bloomberg Intelligence
The most profitable period in the modern history of the mining industry???
Source: Tavi Costa
Wall Street has predicted inflation would return to 2% for 64 straight months. It has been wrong every time.
Yesterday, New York Fed President John Williams said he expects inflation to ease in the second half of this year and decline further next year. That is also the consensus view on Wall Street. The chart tells a different story. For the past 64 months, Bloomberg's survey of around 70 economists has consistently projected core PCE inflation would return to roughly 2% within the next six quarters. It never happened. Before the pandemic, forecasts generally expected inflation to rise back toward target. Since COVID, the opposite has been true: economists have repeatedly predicted inflation would fall to 2%, yet core PCE has remained persistently above target and has even trended higher over the past 18 months. The key question is whether this time is genuinely different. If the same forecast has missed reality for more than five years, investors should ask what has fundamentally changed that would finally make it accurate. Source: Jim Bianco
S&P 500 hit $70 TRILLION in total market cap for the first time in history.
500 companies are now worth more than double the entire US economy. Source: Bull Theory
