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? π€
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. Itβs 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 theyβre not the same thing! π‘
Leverage in Asian markets is starting to show cracks. β οΈ
Taiwanβs stock trade defaults hit $62M in Juneβthe 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