๐จ Big news
๐จ๐ณ Xi Jinping is heading to the U.S. in September. Word is it might be on the 24th.
This is a huge top-level meeting between major world powers and could shake up markets a lot.
Wholesale electricity prices just shot up +243% in New England as a brutal heat wave hits the US grid right before July 4 ๐ฅต
This dangerous heat is pushing the central and eastern US to 105ยฐF, and the power market is feeling it.
Thursday's spot price jumps:
New England:
๐จ BIG NEWS:
The Crypto Clarity Act is way closer to passing now.
US law enforcement just stopped blocking the bill.
We could see a floor vote before August recess.
This is seriously huge for crypto. ๐
Just listened to a great chat with Doug Yones, CEO of Direxion, breaking down the real story behind the ETF world. Tons of insights here. ๐ง๐
https://t.co/I7pXLG9Fdp
Just in: Anthropic says Fable 5 access is coming back today.
That's the same model the US government blocked less than 3 weeks ago for national security reasons.
Big news: $META stock just jumped over 10% today after rumors that Meta's building a cloud business to sell AI computing power. Suddenly that huge spending makes a lot more sense.
HUGE: The US Supreme Court just blocked Trump's executive order that tried to end birthright citizenship.
In a 6-3 ruling, they said no to limiting citizenship for kids born in the US to non-citizen parents. ๐บ๐ธ
๐จ Something big is happening today
๐บ๐ธ Trump says heโs making a 'huge' announcement at 5 PM ET in an interview.
He rarely does interviews unless something major is going on.
People are guessing heโs about to approve the final peace deal with Iran.
This could real
Leopold Aschenbrennerโs Situational Awareness fund just revealed it holds 19.9% of SharonAI Holdings $SHAZ (thanks to @wallstengine for the heads-up).
Just saw thisโconflicts of interest in action. On 2/10, Trump bought up to $5M in Axon. Two weeks later, ICE posted a $220M contract for 17,800 Tasers. The contract doesn't name Axon, but the specs only fit the Axon TASER 10. Axon makes 90% of US Tasers. $AXON is up 9.5%. White
China's money supply is growing like crazy right now ๐ธ
M2 just hit ~240% of GDP โ a record high, and the most of any major economy. It's jumped 100 percentage points since 2008.
In dollar terms, M2 is up +500%. Compare that to gold reserves (+100%) and FX reserves (+60%)