US #gold covers just 2 months of spending or 3.2% of its debt. Even combined with China, their total gold covers only 2.8% of their #debt. The gold standard is a myth; states run on the illusion of future prosperity.
๐ July 9 Global Pulse: ๐ข๏ธ Oil spikes as US-Iran ceasefire ends with new airstrikes. โ๏ธ WA sues over new US homelessness funding rules. ๐ S&P downgrades Oracle to BBB-. ๐ป AI/Tech stocks shake off war fears; $ARM up 11%. ๐ Nasdaq closes higher amid mixed broader markets.
๐July 3 Global Pulse: ๐บ๐ธUS markets close for the July 4th holiday weekend. ๐ฆMortgage rates hold steady near 6.5%.๐rump heads to Mt. Rushmore for America 250! ๐ NYC preps first-ever July 4th Times Square ball drop.๐ฐ๐ทAsian tech stocks soar on AI rebound. โ๏ธUK miners lift FTSE!
๐ July 1 Pulse: ๐ US student loan limits & repayment cuts take effect. ๐๏ธ House advances major financial & SEC reform bills. ๐บ๐ธ Trump nominates Keith Sonderling for Labor Sec.๐บ๏ธ Bipartisan gerrymandering reform unveiled. ๐ S&P Global spins off $MBGL. ๐งฌ $BBIO raises $1B!
๐๏ธ US-Iran peace talks postponed amid Israel-Hezbollah strikes. ๐ถโโ๏ธ Indiaโs Supreme Court makes walking a fundamental right. ๐ต USD hits 1-yr high on hawkish Fed.๐ข๏ธ Brent crude bounces to $81. ๐บ๐ธ US markets closed for Juneteenth. ๐ฏ๐ต Nikkei hits record
๐๏ธ US & Iran sign MoU to end war; Strait of Hormuz to reopen.๐ฎ๐ฑ Netanyahu announces re-election bid, vows troops to stay. ๐ฆ Fed starts 2-day meet; Warsh expected to hold rates.๐ 10-yr yield drops to 4.43%. ๐ข๏ธ Oil sinks <$80.๐ Dow jumps 500+ pts!
๐๏ธ Israel & Iran suspend attacks, saving ceasefire. ๐ฐ๐ต Xi meets Kim Jong Un in NK. ๐ Markets brace for 4.2% US CPI inflation. ๐ฐ๐ท S. Korea cracks down on currency speculation.๐ Nasdaq rebounds 1.1% on AI dip-buying. ๐ป $MRVL jumps 9% on S&P 500 add.
๐ค Israel & Lebanon announce mutual ceasefire.๐๏ธ SHINE Act introduced to halt dark money PACs. ๐ฐ US Treasury notes an 11% jump in tax refunds.๐บ๐ฌ World Bank backs 10-year Uganda plan. ๐ $AVGO plunges 15%, dragging markets. ๐ฆ Ramp hits $44B valuation!
๐๏ธ House pushes War Powers vote to halt Iran war. ๐ต๏ธโโ๏ธ Pulte named interim DNI.๐ฐ Sen. Wyden slams Trump's IRS "audit immunity" deal.๐จ๐ฆ Canada extends steel & aluminum tariffs. ๐ Dow drops 466 pts as oil nears $98.๐ $MDT jumps 5.7% on Q4 beat.
๐ณ๏ธ Key US primaries underway in CA, NM & NJ. ๐ Illinois passes rideshare union bill. ๐ Top CEOs brace for downturn; 31% plan layoffs.๐๏ธ Kate Tyrrell named Treasury Chief of Staff. ๐ $GOOG drops on $80B stock sale.๐ $HPE & Marvell surge on
๐ค US & Iran reportedly agree to a 60-day ceasefire. โ๏ธ SCOTUS rules against jury racial bias.๐ PCE inflation hits 3-year high (3.8%) & GDP cools to 1.6%. ๐ S&P 500 & Nasdaq hit record highs! โ๏ธ $SNOW surges 33%+ on AI boom. #News#Stocks
๐๏ธ Lawmakers launch "End Corruption Caucus" while Middle East ceasefire tensions rise. ๐ฐ US Banks post $80.5B in Q1 profits, despite Fed warnings on Treasury risks. ๐ S&P 500 eyes 7,620 on AI boom; DTCC to tokenize Wall St assets!#News#Stocks