*TRUMP: WALMART WILL DROP PRICE FOR GROUND BEEF BY ALMOST 15%
*TRUMP: OTHER RETAILERS SHOULD FOLLOW WALMART'S LEAD Source: zerohedge
BREAKING: Bitcoin reclaims $64,000 after the White House confirms the U.S. strategic Bitcoin reserve, and Trump says he is a "Big Fan of Crypto."
$360 million in short positions were liquidated today. Source: Bull Theory
🚨 BREAKING: The US is officially building its Strategic Bitcoin Reserve.*
The White House confirmed it is now putting the legal and operational framework in place to formally manage the reserve. The US already holds 328,372 Bitcoin worth roughly $25 billion—about 1.56% of Bitcoin's circulating supply—making it the world's largest known government holder. What's remarkable? None of it was purchased. Every Bitcoin was seized through criminal and civil asset forfeitures, and the government has pledged not to sell a single coin. Meanwhile, a separate Digital Asset Stockpile will hold seized cryptocurrencies such as Ethereum and XRP. The bigger story is what comes next. Congress is considering the American Reserves Modernization Act, which would authorize the Treasury to acquire 1 million Bitcoin over five years with a minimum 20-year holding period. If approved, it would mark the first time a nation actively accumulates Bitcoin as a strategic reserve asset. Source: Bull Theory on X
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
Investors dumped Stocks last week at the fastest pace since March
Source: BofA, Barchart
One chart may have just revealed a major shift in the global energy order.
For the first time in history, U.S. oil exports have surpassed China's crude oil imports. At first glance, it looks like just two lines crossing on a chart. In reality, it could mark a profound structural change. For two years, China's crude imports hovered around 12–14 million barrels per day. Then they suddenly plunged to roughly 8.5 million. At the same time, U.S. oil exports, long stuck around 9–10 million barrels per day, surged above 12 million. Why? China didn't stop buying oil because demand disappeared. It stopped because supply became constrained. • Nearly 38% of China's crude imports depended on the Strait of Hormuz. • Gulf producers faced major disruptions. • Russia was already exporting at full capacity. • U.S. light sweet crude isn't an ideal substitute for many Chinese refineries. With few alternatives, China began drawing down strategic inventories instead of importing. That collapse in imports isn't necessarily a sign of weaker demand. It may be evidence of a country relying on its emergency reserves to navigate one of the biggest supply shocks in years. Meanwhile, U.S. exporters stepped in to replace part of the missing Gulf supply. Sometimes, the most important geopolitical shifts don't make the front page. They simply appear when two lines cross on a chart. Source. Jack Prandelli on X, IEA
🚨US stock market concentration has never been this extreme:
Semiconductor stocks now reflect 19.7% of the S&P 500's total market cap, the most EVER. This figure has QUADRUPLED since June 2020. As a result, every other sector combined now accounts for just 80.3% of the index, the lowest share EVER. Meanwhile, the semiconductor index, $SOX, is trading now ~70% above its 200-day moving average, the widest divergence since the 2000 Dot-Com Bubble peak. How much further can this concentration stretch before something breaks? Source: Global Markets Investor
Trump's updated portfolio
heavy on semiconductors (10% NVIDIA, 4.5% Qualcomm, 4% Micron, and 5% Intel) Source: Rand Group
