It seems that ethereum spot ETF will go live tomorrow
Source: Radar
The US labor market continues to weaken.
US job postings on indeed.com declined 12.4% year-over-year to their lowest level since April 2021. Overall, US job postings are down by ~50% since their December 2021 record. However, nationwide job postings are still 11.7% above their pre-pandemic baseline, according to Indeed. Meanwhile, US job openings unexpectedly increased in May to 8.14 million from 7.92 million in April, according to the latest BLS data. Data provided by Indeed is more current than the BLS-provided series, which suggests a further decline in US job openings is coming. Source: The Kobeissi Letter, Indeed.com
Headlines in Europe.
Source: Eagle Wings
For the first time streaming passed 40% of total TV usage in the US
Source: Statista
Equal weight S&P 500 (ETF $RSP) is considerably cheaper than the market cap weighted ETF, just as we may see earnings growth broaden out to a wider swath of companies.
Does that spell opportunity? Source: Markets & Mayhem, GS
Is Treasury market liquidity becoming a major problem?
Source: Game of Trades
Nvidia $NVDA coming in for its first test of the 50D moving average since early May
Source: Barchart
Uber long road to profitability...
In 2019, The Economist wondered aloud whether Uber would ever be profitable. The classic refrain from the company and its investors was that at a certain scale, it would be. It first had to get big enough and outlast enough of its competition. As it turns out, they were pretty much right. Last year, Uber had its first annual profit, and recent quarters have also been solidly in the black, with investors expecting another profitable quarter to be announced on August 6th. The company’s main rival still hasn't quite reached that scale. Lyft has narrowed its losses significantly, but is still in the red. Source; Chartr
