Leverage in Korean chip stocks is getting wild:
SK Hynix single-stock leveraged ETFs now hold $19Bโover 4x its daily trading volume of ~$4.5B.
Samsung has $12.4B in leveraged ETF assets, which is 176% more than its daily turnover.
Meanwhile, the Hong Kong 2x leveraged
Kicking off a $25 to $25,000 degen challenge ๐ฅ
Got a private TG channel ready for all my trades
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Sandisk $SNDK took a huge hit today, dropping over 14% for its worst day in 5 months. It also closed below its 20-day moving average for the first time since March ๐ฌ๐
Big miss on jobs: US only added 57K in June vs 114K expected. Unemployment dipped to 4.2% (forecast was 4.3%). May's numbers got slashed by 43K too. Labor market's still all over the place.
Jim Cramer just talked about AST Spacemobile $ASTS on CNBC. He said it's a solid speculative play and thinks you could see gains in two years. His take? Go for it.
Big news: Meta ($META) is building a cloud business to sell AI computing power, going head-to-head with Amazon, Microsoft, and Google, per Bloomberg.
Shares are up over 7% on this. ๐
The ๐บ๐ธ Trump admin is reportedly planning to drop export controls on Anthropic's Fable 5 AI model, possibly as soon as tonight - according to Politico.
Big news: The Nasdaq 100 jumped 2.3% at the close after President Trump said the US and Iran are stopping strikes and going back to the table for talks. ๐
Micron just cracked the S&P 500 top 10 with a 1.9% weighting ๐
Nvidia slid from ~8.5% down to 6.99%.
Apple dropped from 7.5% to 6.18%.
The old guard's making space for the new kid on the block.