US housing affordability has NEVER been worse:
House prices have outpaced median income growth over the last 40 years. Median house price is now 5.3 TIMES larger than the annual median US income. By comparison, in the 1980s, the difference was 3.6x. Source: Global Markets Investor, Statista
Anthony Pompliano:
"Technologists make prices go down, while the government makes prices go up".
Goldman:
"Market participants seem to agree that the risk to Fed independence is rising, as 5-year 5-year forward inflation swaps have recently decoupled higher from their prior close relationship with the 2-year note yield." Source: Nick Timiraos
PRESIDENT TRUMP JUST SAID:
- WE ARE THINKING ABOUT NO TAXES ON CAPITAL GAINS ON HOUSES Source: Evan
Breaking news:
The US House Speaker has shut the congressional chamber until September, as Donald Trump’s allies seek to contain a spiralling crisis over the administration’s handling of the Epstein case. Source: FT
The 100 most shorted stocks in the Russell 1,000 are up 52% over the last three months and have beaten the index by 33 percentage points.
Not quite "meme-stock mania" from 2020/2021 but definitely elevated. Source: Bespoke
The meme stock frenzy is making a comeback.
Retail investors seem to be targeting the most shorted stocks again — one by one. Kohls is the new darling Source: HolgerZ, S&P Global
BREAKING >>>
U.S. President Donald Trump on Tuesday stateside announced that he had completed a “massive Deal” with Japan, that involves “reciprocal” tariffs of 15% on the country’s exports to the U.S. Nikkei 225 index is up more than 3pct on the news! In a post on Truth Social, Trump also said that Japan will invest $550 billion dollars into the United States, adding that the U.S. will “receive 90% of the Profits.” Trump also said that Japan will “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.“ The U.S. president added that the deal would also create “Hundreds of Thousands of Jobs.” Source: CNBC
