The US Department of Defense is putting pressure on the country's defense industry to speed up the production and delivery of weapons.
The call comes amid a domestic debate over the US weapons arsenal, following reports that the war in Iran has led to the country's stockpile of air defense missiles shrinking too quickly. Source: Sweden Herald
The Growing Concentration of Wealth in America
The country’s 400 wealthiest people saw their share of the US’s total wealth shoot up by 146% over the past 30 years, while that of the entire bottom half of the American population declined by 25% over the same period. Source: FT Trevor Noren
Still hard to believe that just 6.5 years ago, the S&P 500 traded for less than 1/3rd its current price...
CAGR since 2020 lows: +20% $SPX $SPY Source: Trend Spider
Japanese yen weakened past 158 per dollar.
Japan’s current account unexpectedly swung to a ¥923B deficit in June, its first since January 2025, versus expectations for a ¥1.512T surplus. Yen is currently the weakest G-10 currency in August as the effect of the joint US-Japan intervention fades. Bank of Japan also flagged rising inflation risks in its July summary of opinions, with one board member saying rate hikes could come faster. Source: Bull Theory
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
$8.3 Trillion is now sitting in money market funds, an all-time high
Source: Barchart
Japan's yentervention last week was the 2nd largest in history ($85BN) second only to Fukushima
Source: zerohedge
