The U.S. just doubled down on quantum.
President Trump signed two executive orders to accelerate U.S. quantum technology and strengthen cybersecurity. The initiatives aim to develop a research-grade quantum computer by 2028, deploy quantum sensors and networks within five years, expand workforce training, and secure domestic supply chains. Federal systems are set to transition to post-quantum cryptography by 2031. These measures follow $2 billion in investments across nine quantum companies. The strategy highlights quantum technology’s growing importance for economic competitiveness, cybersecurity, national security, and global technological leadership.Source: Bull Theory
This morning, South Korea’s KOSPI crashed -10%, wiping out over $520 BILLION in a single day.
This was the 3rd largest single-day crash in the index’s history. Both Hynix and Samsung were down double-digits Source: Bull Theory
This is the AI leaders-vs-laggard basket
Source: zerohedge, Bloomberg
The Memory ETF is now the fastest ETF in history to hit $10 billion, $15 billion, and $20 billion in assets under management.
Source: Charlie Belillo
Capital is voting with its feet.
South Korea stocks are up 126% in 2026. Taiwan stocks are up 73%. China stocks are down 12%. One of the widest performance gaps we've ever seen. Source: Charlie Bilello
S&P 500 and Nasdaq-100 rebalances take effect before Monday’s open, June 22.
S&P 500 adds $MRVL and $FLEX; removes $POOL and $CPB. Nasdaq-100 adds $ALAB, $CRWV, $NBIS, $RKLB and $TER; removes $CHTR, $CTSH, $INSM, $VRSK and $ZS. Source: Wall St Engine
U.S. and Iran say they made "encouraging progress" in Switzerland and agreed on a roadmap to reach a final deal within 60 days, according to a joint statement released by Qatar and Pakistan.
Key statement points: - High-level U.S.-Iran talks concluded in Switzerland. - Working groups formed on nuclear issues, sanctions and dispute resolution. - Direct communication line established to avoid incidents in the Strait of Hormuz. - De-confliction cell created to support the Lebanon ceasefire. - Technical talks to continue this week in Burgenstock, Switzerland. Iran's FM Araghchi said mediated talks involving Pakistan and Qatar delivered “major progress” on the Lebanon conflict, including waived oil and petrochemical export restrictions, lifting of the blockade, partial release of frozen assets and a reconstruction plan launched for Iran. He cautioned that the first “real test” will be the operational rollout of the Lebanon deconfliction cell. Source: Bull Theory
The bond market is sending a clear message: inflation fears are fading.
The 2-year breakeven inflation rate is now lower than it was at the start of the year, signaling that investors expect less inflation over the next two years. With oil prices continuing to soften, markets are increasingly pricing in disinflation, not a resurgence in inflation. Forget headlines and forecasts—breakeven inflation reflects where investors are putting real money. The narrative is shifting from inflation panic to lower inflation expectations. Are markets right, or are they underestimating inflation risks? Source: Bloomberg, Manish Singh
