So let me get this straight - an earthquake in Venezuela shuts down all oil production, and Trump decides to bomb Iran and walk away from peace talks, cutting off even more oil? Make it make sense.
The market rally is getting wider.
In June, the equal-weight S&P 500 ETF ($RSP) is beating the regular one ($SPY) by 5%, which could be its best month since 2009. So far $RSP is up 1.9% while $SPY is down 3.1%.
Just this week, $RSP outperformed by 3.4%, the biggest gap sin
Bookkeeping vs Accounting — they’re not the same thing. Bookkeeping is like tracking every dime in and out. Accounting takes that data and makes sense of it, spotting trends and big picture stuff. Both matter, but they handle different parts of the money game.
Stock market leverage in Asia is starting to show cracks:
Securities firms in Taiwan reported $62 million in stock trade defaults for June so far — the highest monthly figure since 2019.
Defaults have shot up +300% in the last 2 months, beating the 2021 record by about 20