BREAKING: Trump tells Xi Jinping to 'please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America.'
Source: The Spectator Index @spectatorindex on X
Based on forward P/E, US equities are trading at a 53% premium relative to the rest of the world
Source: Augur Infinity
20-year US Treasuries are down ~38% since 2020, the worst drawdown in over a century
What was once seen as the world’s “safest” asset has instead delivered stock-like volatility. Deficits, inflation, and weak demand are forcing long yields higher. Source: stockmarket.news on X
Tariffs are forcing countries to make new partnerships
Do you remember the proverb? "The enemy of my enemy is my friend" Source: @krassenstein on X
US consumer sentiment across income levels
An interesting perspective by Morning Consult. Source: Barchart
"Don't look for the needle in the haystack. Just buy the haystack!" - Jack Bogle
Source: Peter Mallouk @PeterMallouk
🚨Hedge funds are dumping US stocks
Hedge funds sold $2.0 billion in single stocks and ETFs last week, bringing the 4-week average of selling to $0.5 billion. Interestingly, retail sold $0.9 billion, the 1st time in 8 weeks. Institutional investors bought $1.6 billion. Source: Global Markets Investors , BofA
The US just sold $70 billion of 5-year Treasuries.
The Bid-to-Cover ratio was 2.36. Foreign buyers pulled back but US buyers stepped up in record size. Here's the breakdown: • Foreign accounts (called “Indirects”) bought 60.5%. • Domestic institutions (called “Directs”) bought a record 30.7%. • Dealers (big banks) bought only 8.8%, the lowest ever. Now here’s the twist: even though the auction was definitely a poor one, the bond market rallied afterwards. 10-year Treasury yields actually dropped. Why? Because traders were braced for worse. “Not awful” was good enough to spark a rally. Source: StockMarket.news
