In case you missed it... France's 10y risk spread over Germany slightly rises as Le Pen cleared to run in 2027 French Presidential Election race.
Source: HolgerZ, Bloomberg
Fund Managers are now sitting on the lowest cash allocation in history 🚨
Source: BofA
Foreign funds have now pulled $100B from Korean local stocks this year
Source: David Ingles @DavidInglesTV Bloomberg
🚨 BLOODBATH continues in South Korean and Japanese markets.
Over $400 BILLION has been wiped out from South Korean and Japanese stock markets today as the sell-off in semiconductor and tech stocks continues. South Korea's KOSPI closed down -5.35%, wiping out ₩326,350,000,000,000 ($219 BILLION). Japan's NIKKEI closed down -2.11%, wiping out over ¥30,173,000,000,000 ($184 BILLION). Over $850 BILLION has been wiped out from both markets in just two days. Source: Bull Theory @BullTheoryio
Deutsche Bank: "Memory is a broken market even if it has come off its highs... expect all your consumer electronic prices to soar"
Source: zerohedge
BREAKING: Korea Exchange briefly halted program selling as KOSPI crashed -5.7%.
Samsung and SK Hynix, which together make up 50% of the index, fell -6% and -4.5%. Source: Bull Theory
The Dow crossed above 53,000 yesterday for the first time, its 5th 1,000-point milestone of the year.
Source: Charlie Bilello
AMERICAN HOUSEHOLDS ARE MORE INVESTED IN STOCKS THAN EVER
Stocks now make up a record-high share of U.S. household assets, Axios reports. American household wealth is now more tied to equities than ever before, making consumers more exposed to market swings. Source: Coin Bureau
