Martin Orrego

@UMich

[Martin Orrego @MartinOrregoB]

“To live a good life: We have the potential for it. If we learn to be indifferent to what makes no difference.” – Marcus Aurelius

[The Kobeissi Letter @KobeissiLetter]

Key Events This Week:

1. CPI Inflation data- Wednesday

2. PPI Inflation data - Thursday

3. Jobless Claims - Thursday

4. Consumer Sentiment data - Friday

5. Q2 2023 bank earnings begin

6. Total of 8 Fed speakers this week

Volatility is set to return to markets this week.

[The Spectator Index @spectatorindex]

Youth unemployment rate

🇿🇦 South Africa: 62.1%
🇳🇬 Nigeria: 53.4%
🇪🇸 Spain: 28.4%
🇫🇮 Finland: 27.4%
🇮🇷 Iran: 26.9%
🇷🇸 Serbia: 24.9%
🇬🇷 Greece: 24%
🇱🇰 Sri Lanka: 23.8%
🇦🇱 Albania: 22.5%
🇮🇹 Italy: 21.7%
🇷🇴 Romania: 21.7%
🇨🇳 China: 20.8%
🇸🇪 Sweden: 19.9%
🇭🇷 Croatia: 19.3%
🇹🇷 Turkey: 19.1%
🇸🇰 Slovakia: 18.7%
🇱🇺 Luxembourg: 18.5%
🇵🇹 Portugal: 18.3%
🇫🇷 France: 16.9%
🇯🇲 Jamaica: 16.7%
🇧🇪 Belgium: 14.6%
🇨🇾 Cyprus: 14.6%
🇱🇹 Lithuania: 14.5%
🇪🇪 Estonia: 11.8%
🇱🇻 Latvia: 11.7%
🇹🇼 Taiwan: 11.52%
🇨🇦 Canada: 11.5%
🇭🇺 Hungary: 11.2%
🇬🇧 United Kingdom: 10.9%
🇩🇰 Denmark: 10.7%
🇦🇹 Austria: 10.6%
🇳🇿 New Zealand: 10.3%
🇵🇱 Poland: 10.3%
🇳🇱 Netherlands: 8.2%
🇳🇴 Norway: 8%
🇦🇺 Australia: 7.6%
🇺🇸 United States: 7.5%
🇻🇳 Vietnam: 7.41%
🇮🇪 Ireland: 7.4%
🇹🇭 Thailand: 6.5%
🇩🇪 Germany: 6.1%
🇰🇷 South Korea: 5.9%
🇭🇰 Hong Kong: 5%
🇯🇵 Japan: 3.7%
🇨🇭 Switzerland: 1.7%

[Red Dirt 🇺🇸✝️ @LokiNiner]

@TroyFro77017611 @Bornakang Some people are addicted to high from the pain and some people just enjoy the finished artwork. To each their own. We all have our own path to take, that's what makes our journeys unique!

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US adds 209,000 jobs in June, below expectations of 225,000.

The unemployment rate fell from 3.7% to 3.6%, in-line with expectations.

This comes after historically strong ADP Employment data showed 497,000 new jobs in June.

The labor market is incredibly resilient.

[Daily Stoic @dailystoic]

"No man is free who is not master of himself." — Epictetus

[The Spectator Index @spectatorindex]

Inflation rate

🇻🇪 Venezuela: 429%
🇱🇧 Lebanon: 260%
🇦🇷 Argentina: 114%
🇹🇷 Turkey: 38.2%
🇪🇬 Egypt: 32.7%
🇵🇰 Pakistan: 29.4%
🇳🇬 Nigeria: 22.4%
🇺🇦 Ukraine: 15.3%
🇵🇱 Poland: 11.5%
🇧🇩 Bangladesh: 9.7%
🇸🇪 Sweden: 9.7%
🇬🇧 UK: 8.7%
🇦🇹 Austria: 8%
🇦🇺 Australia: 7%
🇳🇴 Norway: 6.7%
🇮🇪 Ireland: 6.6%
🇮🇹 Italy: 6.4%
🇩🇪 Germany: 6.4%
🇿🇦 South Africa: 6.3%
🇲🇽 Mexico: 5.84%
🇳🇱 Netherlands: 5.7%
🇸🇬 Singapore: 5.1%
🇮🇱 Israel: 4.6%
🇫🇷 France: 4.5%
🇮🇳 India: 4.25%
🇺🇸 US: 4%
🇧🇷 Brazil: 3.94%
🇮🇩 Indonesia: 3.5%
🇨🇦 Canada: 3.4%
🇯🇵 Japan: 3.2%
🇦🇪 UAE: 3.05%
🇩🇰 Denmark: 2.9%
🇸🇦 Saudi Arabia: 2.8%
🇰🇷 South Korea: 2.7%
🇷🇺 Russia: 2.5%
🇪🇸 Spain: 1.9%
🇨🇭 Switzerland: 1.7%
🇹🇭 Thailand: 0.23%
🇨🇳 China: 0.2%

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Average interest rate on a U.S. 30-Year mortgage rises to 7.1%.

Monthly payment on a $400,000 mortgage:

- 2 years ago: $1,600

- NOW: $2,700

Meanwhile, markets are beginning to price in up to 3 more interest rate hikes this year.

Buying a home has become a luxury.

[Unleash Your Mind @MentalUnleash]

Many people want “The 48 Laws of Power” banned...

Here are 6 lessons you need to know from the book:

[Wall Street Mav @WallStreetMav]

70,000+ homeless in Los Angeles California.

Governments solution: sleeping bags and welfare ⚠️

🔊

[Mindful Maven @mindfulmaven_]

10 Books that will teach you everything about human psychology and behavior:

1.

[Trung Phan @TrungTPhan]

“Cha" and "te" are both Chinese words for tea. If a territory came into contact with the drink by:

• The Silk Road = "cha"
• Sea shipping routes (starting with Dutch traders) = "tea"

[Daily Stoic @dailystoic]

"Choose not to be harmed‚ and you won't feel harmed. Don't feel harmed‚ and you haven't been." — Marcus Aurelius

[Daily Stoic @dailystoic]

"If you are ever tempted to look for outside approval, realize that you have compromised your integrity. If you need a witness, be your own." — Epictetus

[Daily Stoic @dailystoic]

“When we are no longer able to change a situation, we are challenged to change ourselves.” — Viktor Frankl

[Johnny Brown @johnnyxbrown]

"Power naps" slow you down and, if done incorrectly, can completely disrupt your circadian rhythm.

Instead, try Non-Sleep Deep Rest (NSDR).

Here’s how to restore your energy in 10 minutes:

[The Kobeissi Letter @KobeissiLetter]

SUMMARY OF FED DECISION (6/14/23):

1. Fed leaves interest rates UNCHANGED

2. Unanimous decision for rate action

3. Holding rates steady to "assess policy impact"

4. Strong support for MORE rate HIKES this year

5. Fed sees inflation at 2.5% by end of 2024

For the first time in 15 months, the Fed did not raise rates.

[Historic Vids @historyinmemes]

The discovery of a foot of a marble sculpture of Marcus Aurelius in Southern Turkey provides us with a valuable piece of historical context. Marcus Aurelius, born in 121 AD, was a prominent figure in ancient Roman history. He is best known for his role as the Roman Emperor from 161 to 180 AD, during a period known as the Pax Romana, or Roman Peace.

Marcus Aurelius was not only a military leader but also a renowned scholar, making significant contributions to philosophy and intellectual pursuits. He was deeply influenced by Stoicism, a philosophical school that emphasized virtue, reason, and acceptance of fate. Marcus Aurelius is particularly famous for his collection of philosophical writings known as "Meditations," in which he reflects on various aspects of life, ethics, and personal growth.

During his reign, Marcus Aurelius faced numerous challenges, including military campaigns against invading Germanic tribes, such as the Marcomanni and the Quadi. Despite his commitments as an emperor, he continued to engage in intellectual pursuits, often writing and contemplating while on military campaigns.

The unearthed foot of the marble sculpture of Marcus Aurelius highlights the significance and influence of his reign, as well as his intellectual legacy. It serves as a reminder of his multidimensional persona as both a military leader and a scholar. The sculpture itself is a testament to the artistry and craftsmanship of the time, providing us with a tangible connection to the past and allowing us to appreciate the cultural and historical richness of the Roman Empire.

[Daily Stoic @dailystoic]

"Do the right thing. The rest doesn’t matter. Cold or warm. Tired or well-rested. Despised or honored.” — Marcus Aurelius

[The Spectator Index @spectatorindex]

BREAKING: The 🇪🇺 Eurozone enters recession

[Martin Orrego @MartinOrregoB]

@selgutierrezz 😂😎😎