The top 10% of income earners in the US now account for half of all consumer spending, a record high.
(Note: top 10% = households making >$250k). Source: Charlie Bilello, Moody's analtics
Gold ETFs drew largest weekly inflow since March 2022, says WGC
Physically backed gold exchange-traded funds (ETFs) registered the largest weekly inflow since March 2022 last week, data by the World Gold Council (WGC) showed on Monday. Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal, which hit a record high of $2,956.15 per troy ounce on Monday. Gold ETFs saw an inflow of 52.4 metric tons worth $5 billion last week, the largest amount since the first week of March 2022, when global markets were grappling with immediate consequences of Russia's invasion of Ukraine. This raised their total holdings by 1.6% to 3,326.3 tons, the largest since August, 2023. The U.S.-listed funds led the inflow last week with 48.7 tons. For comparison, in January they saw an outflow of 6.3 tons. source : reuters
Apple's largest-ever investment commitment, by the numbers:
• Includes work in all 50 states • Doubles its US Manufacturing Fund • Creates Detroit manufacturing academy The project will start later this year with construction of a Houston-based AI server facility Source: Morning Brew
Oups...
Microsoft will NOT participate in OpenAI Stargate project due to overestimation of demand
Another day, another 220K oz of gold delivered to comex vaults, another record high above $2950.
Gold is a straight line higher ever since the panic scramble for physical began in late December Source: zerohedge
Wake up it is nvdia $NVDA earnings week...
Disappointing data could be a major blow for all Mag 7. Will a positive surprise trigger a revival of Mag 7 relative strength versus the rest of the world?
Strategy $MSTR, formerly known as MicroStrategy, has plummeted 48% since its November 21 all-time high 🚨
That's a total market cap loss of roughly $70 Billion
Asset Managers Churn Out Defense Funds Once Deemed Uninvestable
Bloomberg
