Jonathan Liem

Christus vincit! Christus regnat! Christus imperat!

[Jonathan Liem @JonLiem234]

“Religious socialism, Christian socialism, are contradictory terms; no one can be at the same time a good Catholic and a true Socialist.” (Pope Pius XI, Encyclical Quadragesimo Anno, May 15, 1931. n. 120)

[Global Markets Investor @GlobalMktObserv]

⚠️Space-related stocks have gone through the roof:

Assets under management across 40+ space-themed funds globally have surged to $24 billion, near an all-time high.

This comes as cumulative inflows reached a record ~$20 billion since January 2025.

The AUM has more than TRIPLED only this year.

The largest space-related fund is the Tokio Marine Space-related Fund, with ~$3.5 billion in AUM, followed by the Maxwealth CN Com Satellite ETF at ~$2.7 billion and the VanEck Space Innovators ETF at ~$2.5 billion.

This is crazy growth.

[Global Markets Investor @GlobalMktObserv]

‼️Chinese equities in Hong Kong have entered a BEAR MARKET:

The Hang Seng China Enterprises Index fell -2% on Tuesday, extending its total decline to -20% from its October 2 peak, according to Bloomberg.

Major constituents, including Tencent and Alibaba led the selloff, as data showed Chinese retail sales contracted YoY in May for the first time since the pandemic.

The index's weakness also reflects a structural disadvantage compared to Asian peers.

Unlike South Korea and Taiwan, the HSCEI has minimal exposure to AI infrastructure stocks such as semiconductors and networking equipment, which have driven the strongest performances globally this year.

Meanwhile, the CSI 300 is on track to outperform the HSCEI by the largest margin since 2020, as onshore Chinese markets benefit from domestic policy support while Hong Kong-listed internet and e-commerce stocks continue to lag.

China's consumer-driven tech giants are being left behind,

[Barchart @Barchart]

Margin Debt Leverage hits all-time high 🚨🚨🚨

[Barchart @Barchart]

Real Disposable Income just turned negative for the first time in AT LEAST the last 2.5 years 🚨🚨

[Global Markets Investor @GlobalMktObserv]

‼️Retail leverage frenzy is also spreading in Taiwan:

Margin loans in Taiwan have surged to a record NT$600 billion ($19 billion), more than DOUBLING over the past year.

This exceeds the peak set during the Dot-Com Bubble in 2000.

At the same time, borrowings backed by stocks and ETFs have hit a separate record, with 16 billion shares pledged as collateral, a figure that has surged nearly 4 times since 2022.

The surge in margin debt over the last 12 months dwarfs even the +50% increase recorded in the final year of the Dot-Com Bubble, and exceeds the +94% rise seen recently in South Korea.

For many Taiwanese investors, this is their first time borrowing money to amplify their market bets.

If the AI buildout slows, the unwind of this leverage will be massive.

[Barchart @Barchart]

Investors have now plowed $198 Billion into Leveraged ETFs, an all-time high 🚨🚨

[Barchart @Barchart]

U.S. Dollar Index $DXY on track for its first weekly close above the 100-week moving average since February 2025 📈📈

[Barchart @Barchart]

MicroStrategy $MSTR is now underperforming Bitcoin $BTC by the largest margin since March 2024 🚨🚨

[Barchart @Barchart]

Taiwan Stock Market Margin Loans soar to same level as the peak of the Dot Com Bubble 🚨🚨🚨

[Barchart @Barchart]

JUST IN 🚨: Gold falls below its 200-day moving average by the largest margin since 2022 📉📉

[Barchart @Barchart]

U.S. Stocks have seen an inflow of $884 Billion over the last 12 months, the largest in history and more than double the previous record 📈🚨🤯👀

[Barchart @Barchart]

Investors have given up on U.S. Treasuries 🚨 Allocations at all-time lows 📉📉

[NEWSMAX @NEWSMAX]

“Anthony Fauci’s autopen pardon was unconstitutional and needs to be terminated, and criminal prosecutions should commence because we now have verified evidence.”

Nicolas Hulscher, an epidemiologist, weighs in on the declassified documents released by Tulsi Gabbard and Fauci’s potential influence on the origins of COVID.
@RobFinnertyUSA @drdrew @NicHulscher

[Jonathan Liem @JonLiem234]

https://t.co/48kXouzo02

[Nicolas Hulscher, MPH @NicHulscher]

Nearly HALF of cancer patients declared COMPLETE REMISSION or TUMOR SHRINKAGE in the largest human ivermectin cancer study ever conducted.

Our study is now PEER-REVIEWED and PUBLISHED by the International Institute of Anticancer Research.

[Jonathan Liem @JonLiem234]

Jeremy Grantham on How to Tell if a Bubble’s About to Burst https://t.co/bm0LEyQfV2 via @YouTube