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On today’s show, we discuss:
- US Stocks Beat Predictions Over the Past Decade. Can They Do It Again?
- Funds Stay Bullish, But Central Banks Hold Breath
- Europe Has a New Economic Engine: American Tourists
- Stock-obsessed Gen Z are using astrology and tarot to invest–and swearing by the results to the tune of over $400,000
- Millennials & The New Death of Equities
- The Positive Effect of Fed Hikes On Consumer Spending
- Bulgogi Tacos, Fire Pits and Tequila Bars: Concertgoers Shell Out for VIP Treatment
- 2024 Mid-Year Outlook: An Unstable Economic Equilibrium
- ‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic Boom
- Going South: Implications of Business and Population Migration
- New US Home Construction Plunges to Slowest Pace Since June 2020
- Goldman Sachs Global Insurance Survey
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Tweets:
What explains this? pic.twitter.com/oWA1XrCNwe
— Eric Seufert (@eric_seufert) June 17, 2024
NVDA became the 12th company to be the largest in the SPX pic.twitter.com/7CHZzeFQHu
— Howard Silverblatt (@hsilverb) June 18, 2024
If you joined Nvidia 5 years ago as a mid-level product manager with an annual $70K stock grant over 4 years, just that initial grant would be worth ~$10.6M today.
— Ben Lang (@benln) June 19, 2024
who owns the stock market pic.twitter.com/0o4OFwsOvU
— Sam Ro 📈 (@SamRo) June 18, 2024
Existing Home Sales: pic.twitter.com/boXyjUPHxV
— Michael McDonough (@M_McDonough) June 21, 2024
I don't want to trigger anybody, but the OECD housing ranking of total affordability, size, and quality metrics has US at # 1. One can quibble about plenty, but this is not an unimportant fact. If your mental model has the US as an outlier the other way, it needs to be adjusted. pic.twitter.com/VMdkA7lM0b
— Judge Glock (@judgeglock) June 19, 2024
Per latest JPM institutional weekly survey, there's virtually no risk appetite to deploy fresh capital into equities. Investors continue to show no love for stocks in 2024. pic.twitter.com/pI7PMAyXR5
— Blake B. Millard, CFA (@BlakeMillardCFA) June 17, 2024
$VOO is a virtual lock to blow away the all time annual flow record, at $44.5b it is only $5b away and it's not even halftime. Also, 2.5x more cash than any other ETF this year (never seen this big a lead) and a mere $60b away from knocking off $SPY to become the new King. pic.twitter.com/zk5EMBGwYM
— Eric Balchunas (@EricBalchunas) June 14, 2024
Americans spend, on average, 6.7% of their income on groceries, the lowest in the world https://t.co/77iEOJ3flb pic.twitter.com/V6755gdigf
— Jeremy 'adjusted for inflation' Horpedahl 📈 (@jmhorp) June 20, 2024
HORIZON AN AMERICAN SAGA CHAPTER ONE has dropped to a $10M opening weekend, per new NRG tracking. That's down from $12M a couple weeks ago, despite an ad/promo blitz.
— Matthew Belloni (@MattBelloni) June 20, 2024
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