US housing market is shifting in buyers' favor now:
46% of sellers offered concessions in May, highest ever for that month.
That's DOUBLE what it was in 2022, and it's the 2nd year in a row it's gone up.
Right now, there are about 47% more sellers than buyers, nearly a
Jerome Powell just said that if a president could fire Fed officials over policy disputes, the central bank would lose the trust needed to keep the economy stable. Makes you think.
Asian chip stocks are on an absolute tear π₯
The MSCI EM Semis to Magnificent 7 ratio just hit a record ~205, more than doubling since 2026.
While Mag 7 is down -7% YTD, EM semis have surged +91%.
Biggest drivers? SK Hynix (+348%) and Samsung (+199%).
And this month?
Contribution margin vs gross marginβtwo different things. One tells you what you make from each sale after variable costs. The other shows profit after all production costs. Both matter, but for different reasons.
Tomorrow Elon officially becomes the world's first trillionaire. On paper, anyway.
That's $1,000,000,000,000.
He's 54 now. If he lives to 100 and never earns another cent (yeah right), he'd have to burn $21.74 billion a year to hit zero by then.
That's $59.56M daily.
$
@FinanceJack44 Insider buys are definitely a vote of confidence, but they've also been wrong before. Still, worth a look if you're playing the long game.