Wait, so there's an earthquake in Venezuela that stops all oil output, and Trump decides to bomb Iran and kill peace talks, cutting off even more oil? ๐ค
The stock market rally is spreading out now.
So far in June, the equal-weight S&P 500 ETF ($RSP) is beating the regular S&P 500 ETF ($SPY) by 5%, which could be the best month for that gap since 2009. Itโs also shaping up to be the second-best month for $RSP relative to $SPY
Bookkeeping vs Accounting:
Bookkeeping = recording daily transactions
Accounting = analyzing, interpreting & reporting financial data
Both are essential, but theyโre not the same thing! ๐ก
Leverage in Asian markets is starting to show cracks. โ ๏ธ
Taiwanโs stock trade defaults hit $62M in Juneโthe highest monthly level on record.
Defaults surged +300% in 2 months and are now above 2021's peak.
Margin buying jumped +160% in a year to $19B, nearing Dot-Co