If you want to be a professional trader, you gotta get used to being wrong all the time and not letting that impact your ability to still put on appropriate risk for the next opportunity.
States with no individual income tax (Florida, Texas, Tennessee, Nevada, and others) consistently rank among the strongest gainers, while states with the highest top rates (California at 13.3 percent, New York at 10.9 percent, and New Jersey at 10.75 percent) dominate the list of largest losers.
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#trump sounds winded
I think it's very strategic to have a speech with equities at all time highs
Really hope they implement voter ID verification
Get it in before the timber
Top 10 #oil imports by percentage for the U.S.
Saudi Arabia getting hit by Iran would increase our prices by 10%
The largest one to get hit by Iran being offline is #china#europe will also get hit hard; definitely not good for the world economy
Bottom line is that the states will be fine without Middle Eastern oil
1 - Canada - ~55-62% (by far the largest; often over half of all 2 - US crude imports)
3 - Mexico - ~6-11%
4 - Saudi Arabia β ~4-6%
5 - Brazil β ~3-4%
6 - Colombia - ~3%
7 - Iraq - ~3%
8 - Venezuela - ~2-3.5% (has been higher in some recent weeks)
9 - Guyana - ~2-3%
10 - Nigeria - ~2-2.5%
π¨CASH ON THE SIDELINES is almost nonexistent:
Total US cash, measured as money fund and bank deposit balances, as a % of the S&P 500 market cap, is down to 0.42, near the lowest level on record, according to Bloomberg.
This is well below the ~1.80 peak reached during the 2008 Financial Crisis and far below the average seen since 1990.
This is also only slightly above the 2000 Dot-Com Bubble low.
Meanwhile, retail investor equity allocations are near the highest level since the 2000 Dot-Com Bubble.
There is a tendency to view large money fund balances as dry powder waiting to be deployed into stocks, but that framing is misleading.
The idea of "cash on the sidelines" is one of the most misunderstood narratives in markets.