Goldman: Harris Trails by Around 3pp in the State Currently Most Likely to Decide the Election—Pennsylvania
Source: Mike Z., Goldman Sachs
US Commercial Property Foreclosures jump to more than $20 billion during the 2nd quarter, the most in nearly a decade 🚨
Source: Barchart
As highlighted by Eric Balchunas
The Reshoring ETF $RSHO is quietly nursing a 9-week flow streak (after being ignored since birth) which boosted its assets under management 7x this year. The American Industrial Renaissance ($AIRR) 3ETF also saw AuM jump by $800m YTD. BlackRock noticed this and launched iShares US Manufacturing ETF $MADE. All these ETFS are exposed to Trump Trade 2.0 but this theme spans beyond politics. Source: Bloomberg, Eric Balchunas
US Presidential elections >>> Are we back to square one?
Source: PredictIt, Bloomberg, www.zerohedge.com
The US government just moved $2 billion of seized bitcoin $BTC, two days after Trump's speech 👀
Source: Joe Consorti
JUST IN: U.S. National Debt surpasses $35 Trillion for the first time in history
Source: Barchart
The difference between the MEDIAN and the MEAN CUMULATIVE returns of US stocks since 1926 is amazing...
As mentioned by @SpencerHakimian on X: "Stock returns are so skewed to the 4% of stocks that are responsible for all equity market returns that have occurred in the past 100 years. Statistically, it is virtually impossible to outperform an index over time since you would have needed to specifically own the tiny percentage of stocks that beat the index, and specifically avoid the vast majority of stocks that underperformed the index. Individual stock picking turns investing from a positive sum game to a negative sum game. Index investing is like being the casino. Individual stock picking is like being the gambler". Source: Baird, Michel A.Arouet
U.S. Home prices hit record high of $426,900!
Source: Barchart
