Institutional investors are aggressively shorting the Japanese Yen even as Japan is attempting to intervene:
Combined Yen short positions held by leveraged funds and asset managers are up to -$11 billion, the highest since July 2024.
We have now seen 3 consecutive weekly increases in short exposure, totaling -$5 billion.
This comes despite Japan’s Ministry of Finance spending a record ~$74 billion over the past month to defend the currency from weakening.
However, the Yen has weakened to ~160 per US Dollar from ~155 in early May and is approaching the critical 160 threshold again.
This reflects the wide interest rate gap between Japan and the US, which remains the primary structural pressure on the currency.
Institutional positioning continues to signal further Yen weakness.
Kanye dropped a new music video directed by his wife where she milks a giant cow in lingerie in a mountain field, then he walks in and feeds her the milk.
I've read that sentence four times. It does not get more normal...
Writer: Daniel
Another record has been set.
The US stock market cap-to-GDP ratio is up to a record 238%.
This comes as the stock market's value surged to an all-time high of $75.7 trillion, far exceeding the ~$31.8 trillion size of the US economy.
This ratio has surged +38 percentage points since the March 30th bottom in the S&P 500.
This metric is also now +90 percentage points above the 2000 Dot-Com Bubble peak of ~148%.
Since the 2008 Financial Crisis, the US stock market has grown at 5x the rate of the underlying economy.
Asset owners are winning more than ever.
Only TWO countries in the entire world decided to retaliate against the United States.
China... and Canada.
While the rest of the planet is negotiating, dropping tariffs, and trying to make deals with Trump, Carney’s Canada chose to stand shoulder-to-shoulder with Beijing.
Now the “European” Prime Minister is actively pushing us into the EU and deeper alignment with China.
This isn’t an accident.
This isn’t “standing up for Canada.”
This is deliberate isolation from our largest trading partner — the country that buys over 80% of our exports.
Watch this clip. Then ask yourself why our Prime Minister is so comfortable being in the same retaliatory camp as Communist China.
The Carney Show has to end.
Drop a 🐍 if you see exactly what’s happening.
#cdnpoli #MarkCarney #LiberalFail #CanadaFirst #USCanadaRelations
TUCKER CARLSON: "I told Trump, 'Netanyahu hates you. Ben Shapiro, Mark Levin, they all hate you'."
"The ones who pushed him into this war want to destroy him on behalf of Israel, and all he said was 'Yeah, I know'."
The CRA is ruthless. They seem to make up their own rules as they go.
My husband was audited and every time he speaks to a different CRA agent, he gets a different answer.
He paid over $100,000 in taxes last year alone, yet after an audit of his 2023/24 taxes they tried to claw back another $30,000.
He provided everything the CRA said was required, and they still denied his claim.
So when I get angry about government waste, it’s because I’ve seen firsthand how hard working Canadians are treated. My husband works more than 300 days a year. For what?
The middle class is being squeezed from every direction while governments continue spending like there’s no tomorrow.
Today is Roaring Kitty's 40th birthday
In 2019, he put $53,000 into GameStop from his basement in Wilmington, MA
Every hedge fund on Wall Street told him he was wrong
Then January 2021 happened:
• Melvin Capital, Citadel, and Point72 were all short GME with billions
• GME goes from $5 → $483
• Keith Gill's $53,000 becomes $48,000,000
• Melvin Capital loses $6.8 billion. Gone within a year
Then Congress called him to testify. He told them "I did not solicit anyone to buy or sell the stock for my own profit" and walked out a free man
He disappeared from the internet in 2021. Came back in May 2024, posted one photo, and GME opened +50% the next morning
He showed every retail investor that the big guys aren't untouchable
Happy birthday @TheRoaringKitty
❗️Canadian senior says the country she grew up in is GONE
TAKEN OVER by drug addicts
She says they gave rooms in her seniors residence to homeless addicts.... who are now sh$tting and having s'x in the hallways.