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Degens Deteriorating
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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

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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.

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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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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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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

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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.

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πŸ”₯7❀‍πŸ”₯2
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Man faces 2 years in prison for cleaning up a river

Paul Powlesland and a group of volunteers removed 200 bags of rubbish from London's River Roding

The Environment Agency is prosecuting him for not having a permit

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Retail investors have never traded more options.

Retail investors have traded an average of $7.0 billion in options premium per day so far in June, an all-time high.

This is +46% above the average seen over the last year.

By comparison, the previous record was $5.8 billion per day seen in May.

Semiconductors alone have accounted for a record ~$1.9 billion per day this month.

This is up +19% from the prior record of $1.6 billion in May, and running nearly 5 times the historical average.

Retail investor option market activity is skyrocketing.

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SAVE ACT: There are literally 50 votes for the Save America Act (Sen Mike Lee's version) in the Senate. There are two options for passage: 1. pass it in the budget reconciliation bill (ignoring advice of parliamentarian) or 2. force a talking filibuster. Either way 50 votes plus JD Vance and we've got a real chance for election integrity in America

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The U.S. money supply has hit a new-all time high of 22.80 TRILLION, expanding by over $400 billion in 2026

This capital is likely flowing into the stock market.

But remember that the U.S. continues to dominate spot bitcoin ETF inflows and crypto-related policy initiatives.

And bitcoin is still down -50% from its October peak, which arguably UNDERVALUED right now.

Money usually rotates from overvalued to still UNDERVALUED assets and if that happens, the crypto catch-up rally will be absolutely insane.

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