People are scrambling to protect themselves from a South Korea stock market crash:
Put options on the $EWY ETF have hit about 880,000 contracts, the most in a year.
Open interest in puts has quadrupled in just weeks. Meanwhile, calls only went up by 80,000 to 400,000, nea
@garyblack00 Numbers like that make you wonder how much of this growth is just catching up from weird pandemic distortions. CPI going to be the real headache.
After U.S. job growth for May blew out forecasts in the US (+172K vs +88K est), the focus is back on inflation. The May consumer price index due Wednesday is expected to jump by +4.2% from a year ago — the highest rate in more than three years. Core CPI, which excludes energy and food, is seen rising +2.9% YoY and increasing +0.3% MoM in May vs +0.4% MoM in April, potentially providing a welcome signal to Fed policymakers.
Meanwhile, the ECB is expected to RAISE short-term int rates in the euro-zone on Thursday, setting the bank at odds with the Fed which meets 6/16-6/17 and is likely to hold rates steady under the leadership of new Fed Chair Kevin Warsh.
Microsoft drops $13B into OpenAI… which spends it on Azure, so Microsoft books it as revenue. Amazon and Google do similar things with Anthropic, racking up paper gains. OpenAI burns $60B a year on compute but only makes $25B. Ray Dalio says late-stage bubbles run on fake money
Space ETFs are blowing up right now 🚀
For the first time ever, space-themed ETFs have over $5 billion in total assets under management.
Since the start of 2026, that number has more than doubled.
In the last year alone, it's jumped over +900%.
The Space Innovators ETF ($N
@salonterradash Honestly a breather was overdue after that run. Some of those PE ratios were getting comical. Let's see if this shakes out the hype or just resets for another leg up.
First time the S&P closed in the red after 10 straight green days, and it was wild 😅
Kinda curious what happens if we stay red for a bit…
Annoying? Sure. But honestly felt kinda healthy.
Earnings are looking solid, but some valuations just don’t add up. Guess that’s
Space ETFs are blowing up 🔥
Assets in space-themed funds just hit $5 billion for the first time ever. They've more than doubled since early 2026 and jumped over 900% in the last year.
The Space Innovators ETF ($NASA) launched March 30th and now holds a record $2.6 billion