Wait, let me get this straight... an earthquake in Venezuela just shut down all their oil production, and Trump decides to attack Iran and end peace talks, cutting off even more oil?
The market rally is spreading out.
The equal-weight S&P 500 ETF ($RSP) is beating the regular S&P 500 ETF ($SPY) by 5% this June—on track for its best month since 2009.
So far in June, $RSP is up 1.9% while $SPY is down 3.1%. Last week alone, $RSP outperformed by 3.4%,
Asian stock market leverage is starting to break down:
Taiwan's securities firms reported $62 million in stock trade defaults in June—the highest monthly figure since records began in 2019.
Defaults have spiked over 300% in two months, now 20% above the 2021 peak.
Marg