Diederik SCHMULL

Independent investment consultant for the last 16 years, after 40 years as Vice-President of Morgan Stanley, Credit Suisse and Baker, Weeks

[Barchart @Barchart]

Margin Debt as a % of M2 is now at its 2nd highest level in history, just behind the Dot Com Bubble 🚨🚨

[Mario Nawfal @MarioNawfal]

🚨🇺🇸 Retail investors are piling into the stock market at unprecedented levels, completely abandoning traditional safety nets.

Legendary market strategist David Rosenberg points out that an astonishing 72% of U.S. household financial assets are now crammed into equities, a massive spike that completely eclipses the peak of the late-1990s dot-com bubble.

Meanwhile, the president of Rosenberg Research highlights that bond allocations have dwindled to a mere 8% because they lack "sex appeal" at cocktail parties.

Rosenberg underscores that while AI is a genuine technological game-changer, the real bubble isn't the technology itself, it's wild investor behavior.

@EconguyRosie

[TESLA CARS ONLY⚡️ @teslacarsonly]

TESLA Hover Pod — It’s 2050, and this is your daily commute. The future arrived faster than we thought. Rate this ride 1–10!

[Barchart @Barchart]

BREAKING 🚨: Silver

Silver on track for its first close below its 200-day moving average in 14 months 📉📉

[The Figen @TheFigen_]

In the quiet forests of Finland, parent cranes gently teach their little ones how to fly for the first time.

[Michael A. Arouet @MichaelAArouet]

China didn’t build an economic miracle. It built the world’s biggest debt experiment. And experiments don’t last forever

When growth is fueled by borrowing, every vacant illuminated skyscraper, highway, and ghost city comes with a bill. How long can they keep the illusion alive?

[Barchart @Barchart]

BREAKING 🚨: Gold

Gold enters Bear Market after falling more than 20% from its January all-time high 🐻📉

[Barchart @Barchart]

Warren Buffett's Berkshire Hathaway is now sitting on an all-time high $397 Billion in Cash, enough to buy 477 companies in the S&P 500 🚨🤑

[Beauty of music and nature 🌺🌺 @Axaxia88]

A moose unexpectedly encounters a herd of cows on the South Dakota prairie 🫎 💓

It’s a fascinating moment as he slowly sits down, while the curious cows gradually gather in a half-circle around him, as if they were carefully “studying” who this strange visitor is and where he might have come from.

[Global Markets Investor @GlobalMktObserv]

🚨THE BANK OF JAPAN IS IN PANIC MODE:

The BOJ is expected to raise its key interest rate by +25 basis points to 1.0% at its June 15-16 policy meeting, according to Nikkei, with markets pricing a 93% probability of this move.

This would be the first rate hike in 6 months and the highest Japanese interest rate since 1995, the first time at or above 1.0% in more than 3 decades.

At the same time, the BOJ is considering pausing its ongoing government bond buying reduction program from April 2027, meaning it would stop cutting purchases further.

This bond purchase reduction program has been running since 2024 as part of Governor Ueda's efforts to unwind decades of massive monetary stimulus.

This news sent the 10-year Japanese Government Bond yield down -5 basis points to 2.665% on Tuesday, the 30-year yield fell -6 basis points, to 3.883%, while the 20-year yield fell -7 basis points to 3.565%.

So first, they pause the reduction in purchases. Next, bond buying will increase as yields spiral out of control.

[Charlie Bilello @charliebilello]

AI hyperscalers (Google, Amazon, Meta, Microsoft, and Oracle) have issued 47% more debt in the first 5 months of this year ($159 billion) than all of last year ($108 billion). Their YTD debt issuance exceeds the combined issuance from 2020-2024.

$GOOGL $AMZN $META $MSFT $ORCL

[Oliver Groß @minenergybiz]

The Gold Miners Bullish Percent Index drops to zero. Yes, you read that correctly. Historical 👀🔥
Total capitulation.

[Jurrien Timmer @TimmerFidelity]

With the S&P 500 cap-weighted index down 2.6% on Friday and the equal-weighted index down 1.4%, it is clear that the market narrows on the way up and broadens on the way down as shown in the S&P 500 Index chart below.

[Elliott Wave International @elliottwaveintl]

Pay attention to who's buying gold - and who's selling it.

Large speculators just made a major jump in bullish positioning, an unusual move for a group that typically follows the trend.

Meanwhile, commercial traders - the people closest to the physical gold market - have built one of their largest net-short positions in 16 years.

That's a signal worth watching.

See where Elliott waves point gold next: https://t.co/h9IcAZ9km7

[Zoheb | Building SensaMarket @zoheb_ab]

World's most Cash Rich Companies

[The Market Mind @Market_Mind_]

Largest Asset Managers in the World (AUM)

🇺🇸 BlackRock — $12.5T
🇺🇸 Vanguard — $10.1T
🇺🇸 Fidelity Investments — $5.90T
🇺🇸 State Street Corporation — $4.67T
🇺🇸 JPMorgan Asset Management — $3.70T
🇫🇷 Crédit Agricole — $3.34T
🇺🇸 Goldman Sachs — $3.29T
🇺🇸 Capital Group — $2.85T

[尊い動物 @7wVy1]

ミソサザイのさえずり
おそらく史上最高の癒し効果を秘めています。
最高峰の振動周波数をお楽しみください😌

[Barchart @Barchart]

JUST IN 🚨: Silver falls below its 200-day moving average for the first time since April 2025 📉📉

[Global Property Guide @GlobalPropGuide]

1-Year House Price Change in Europe (Nominal, Latest Data):

Hungary: 23.4%
Portugal: 23.2%
Croatia: 16.1%
Denmark: 16.0%
Montenegro: 13.9%
Spain: 13.1%
Bulgaria: 12.6%
Lithuania: 12.5%
Romania: 12.4%
Andorra: 12.2%
Czechia: 10.4%

Source: National statistics offices and ECB

[Bitcoin Teddy @Bitcoin_Teddy]

Elon Musk thinks coding dies this year.

Not evolves. Dies.

By December, AI won’t need programming languages. It generates machine code directly. Binary optimized beyond anything human logic could produce. No translation. No compilation. Just pure execution.

Musk: “You don’t even bother doing coding.”

Code was never the point. It was friction. A tax we paid because machines didn’t speak human. AI just learned fluent human. The tax is gone.

Now plug that into Neuralink. No syntax. No keyboard. No screen.

Musk: “Imagination-to-software.”

Thought becomes executable. You imagine an outcome, the system architects and compiles it into reality instantly.

We’re not automating programming. We’re erasing it from existence.

The entire profession collapses into a thought. Decades of training reduced to irrelevance. The gap between idea and instantiation hits zero.

You don’t build anymore. You imagine, and it materializes.

Not incremental progress. Total phase shift. The way humans have created things for ten thousand years just became obsolete.

Welcome to a world where the limiting factor isn’t skill, resources, or time. It’s whether you can picture what you want clearly enough for a machine to birth it into existence.