The US housing market is swinging in buyers' favor now 🏡
46% of sellers made concessions in May — a record high for that month.
That's DOUBLE what it was in 2022, and the 2nd year in a row it's gone up.
There are now about 47% more home sellers than buyers, near an al
Jerome Powell just said that if a president can fire Fed members over policy fights, the central bank loses the credibility needed for a strong economy. Makes you think.
Asian chip stocks are on an insane run right now 🔥
The ratio of MSCI EM Semis to Magnificent 7 hit a record ~205, more than doubling since early 2026.
Magnificent 7 is down -7% YTD, but EM semis surged +91%.
South Korean makers like SK Hynix (+348%) and Samsung (+199%)
Contribution margin and gross margin get mixed up a lot. One shows profit after variable costs, the other after COGS. Both matter, but for different things.