JUST IN:
🦈 Bitcoin sharks (100–1k BTC wallets) added 65,000 BTC in the past 7 days. They now hold a record 3.65M BTC. Source: Glassnode, Bitcoin archive
Returns on new technology indexes peak
Source: BofA
Hope you all kept your kids' Pokemon cards...
Source: WSJ
How All the Billionaires in 2025 Made Their Money
Forbes found that nearly one in six billionaires (or 464 billionaires in 2025) made their money in finance and investments. Tech is the second most common sector to find billionaires in (401 in 2025, an increase of 59 billionaires since 2024). Source : Visualcapitalist
What a year for ETFs ‼️
ETFs crack $800b in YTD flows, that's a $5b/day pace. That puts them on pace to hit about $1.2T this year, a new record. Source: Bloomberg, www.zerohedge.com
I keep being told about all these tops people are seeing all over the market
I just see a lot of bottoms. Here are a few... Source: J.C. Parets
Essays of Warren Buffett
10 things we can learn. Source: The Investing for Beginners Podcast @IFB_podcast
Credit spreads have rarely been this tight.
So why are investors in corporate bonds undeterred despite the significant tightening in risk spreads (chart below)? Two reasons: 1) Higher yields ("risk free" component + spreads 2) More and more investors see corporate bonds as less risky than sovereign bonds Source chart: Bloomberg
