UPS just dropped Q2 earnings 🚚💥
Revenue hit $22.8B, way above the $21.84B estimate 🟢
EPS came in at $1.76, beating $1.67 🟢
Package volume hit 1.22B, topping 1.20B 🟢
Operating margin rose to 9.2%, up 40 bps from last year
Full-year outlook got a boost too:
Revenu
Mamdani in NYC just dropped a list of names & addresses of every property owner who might get hit with the new pied-à-terre tax. 🏙️ Seen first in NYP.
Billionaire Paul Tudor Jones just said live on TV:
"Stocks are way too expensive. It’s gonna be tough to make money from here."
He called the 1987 crash & now manages over $108.5 billion.
He predicts S&P 500 returns will be negative over the next decade.
That guy
🚨 BIG NEWS:
The US Senate might pass the Crypto Clarity Act next week 🇺🇸
Trump says he'll sign it "immediately" ✍️
Chance of approval this year just hit 38% 📈
This is huge for crypto!! 🚀
BREAKING: US investment-grade corporate bond funds posted -$7.1 billion in outflows last week, their largest weekly withdrawal since the 2020 pandemic.
On Monday alone, these funds recorded -$8.2 billion in outflows, the biggest daily outflow in over 6 years.
By comparison
Saudi Arabia just slashed the price of its main Arab Light crude for August by $11 a barrel, the biggest single cut since at least 1997. That's according to Reuters.
⚠️ Heads up:
Michael Burry (the Big Short guy) just dropped a grim prediction:
"The stock market's end is close."
And guess what he's betting against?
AI stocks, chip makers, semiconductors.
He clearly sees trouble ahead.
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Kicking off my $25 to $25K degen challenge 🤑
Got a private TG channel set up where I'll post all my picks
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