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Degens Deteriorating
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It starts with videos like this and dominoes into literally being told by TikTok to divorce your husband with hordes of women encouraging the decision.

Why would any man sign up for such a risk?

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ€–πŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
πŸ’―10
BREAKING: Semiconductor stocks now account for a record 18.8% of the S&P 500’s market cap.

This percentage has more than TRIPLED since 2022.

Over this period, the semiconductor index, $SOX, has rallied a massive +546%.

To put this into perspective, semiconductors accounted for less than half of their current weight at the peak of the 2000 Dot-Com Bubble.

Meanwhile, the Magnificent 7 stocks now reflect a record ~33% of the S&P 500’s market value.

Tech is all that matters.

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ€–πŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
Fed continues to inject liquidity.

Just now, the Fed balance sheet has reached a 15-month high.

Since ending QT last December, $200 billion has been added back to the Fed balance sheet.

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Modern woman from Tik Tok reminisces on the time when she was 15 years old and grown man bought her designer bags, clothes and shoes then blocked her on Snapchat so now she’s comparing every man she dates to that man she never even met. The dating market is toast

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ€–πŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
🀯2😁1🌚1
πŸ’―6😁1🀝1
The leveraged loan market is heating up:

US leveraged loan funds have seen +$3.5 billion in inflows since the start of May.

These funds have now seen inflows in 10 consecutive weeks.

This follows a February-March sell-off when weekly outflows rose to as much as -$1.6 billion.

Demand is recovering as easing Iran conflict fears support risk appetite, while expectations for higher rates make leveraged loans more attractive.

Meanwhile, investment-grade corporate bond funds have seen 13 consecutive monthly inflows, with +$39 billion in inflows in May alone.

Confidence is returning to credit markets.

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ€–πŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
More evidence, from a large-scale study in China, that using AI hurts learning if it undermines mental effort. When homework time drops due to AI use, so do test scores.

Across studies, a theme: AI tutoring in support of classes is good, using AI to "help" with homework is bad.

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πŸ’―18πŸ₯°3🀯1🌚1
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A whale just sold 800 Bitcoin and walked away $35 MILLION poorer than when they started.

They bought the whole stack near last November's top at around $107,000 a coin, held it for seven months as the price fell and finally let go today at $62,800.

Seven months is a long time to watch a position bleed before deciding you've had enough.

Whoever this was didn't get unlucky on a trade, they slowly ran out of conviction and sold at close to the worst moment they could have picked.

They're also not the only one. Over the past few weeks the biggest holders have been slowly shrinking and the people who once looked unshakable are leaving crypto for good.

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😁3
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Imagine clocking in for your government job only to discover you're the designated 'BEAR' hunters are shooting to 'kill'

Authorities in Tochigi, Japan, are holding the bizarre-looking drills after a bear sighting in a nearby city forced nearly 100 schools to close

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😁2😭2
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A 37-year-old Japanese farmer has been arrested after burning down an illegal Muslim mosque in Hokkaido, Japan, following officials’ refusal to remove it, amid growing public frustration and a string of recent mysterious fires at Japanese temples

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ€–πŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
πŸ†24πŸ”₯7⚑4
Eat at a local Southern smokehouse tonight. Get the brisket, the ribs, and every side they got. Have an ice cold beer at 4 o’clock in a sports bar with too many TVs. Go somewhere you’ve never been. Costco on a Saturday. Listen to someone you think may have nothing in common with you.

Order the steak rare. Eat a donut. Two bagels. Have a bottomless cup of diner coffee. Have two refills. Be open to a world where you may not understand or agree with the hillbilly next to you, but have a drink with them anyways.

Eat slowly. Good luck with portions this big. Tip your server like you mean it. Make it 25%. Check in on your friends. Check in on yourself. Enjoy the World Cup.

πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ€–πŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
πŸ”₯7❀‍πŸ”₯2