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Degens Deteriorating
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I’ve been dressing the daughter in spacex onesies.

the wife is unaware but i’m running a multi-year operation to convince her to move to mars

“omg she looks sooo cute” she says, thinking it was a “thoughtful gift”

the psyop is working

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Clarity Act to be approved.

Pro-Bitcoin FED Chair.

The next bull market will be WILD.

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The market's rally is broadening:

The S&P 500 equal-weight ETF, $RSP, has outperformed the S&P 500 ETF, $SPY, by +5.0 percentage points so far in June, on track for its best monthly outperformance since 2009.

That would also mark $RSP's 2nd-best month relative to $SPY in at least 23 years.

This comes as $RSP is up +1.9% month-to-date while $SPY is down -3.1% over the same period.

This week alone, the equal-weight ETF, $RSP, outperformed the S&P 500 ETF, $SPY, by +3.4 percentage points, the largest weekly outperformance since the 2020 pandemic.

As a result, the 52-week correlation between the S&P 500 and the S&P 500 equal-weighted index is down to 0.90, from 0.97 in 2022, the lowest since 2003.

Mega-cap tech leadership is taking a breather.

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JUST IN: Iran strikes another oil tanker in the Strait of Hormuz

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An Indian man just bought the last two bottles of raw water-buffalo milk

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Retail investors appear to be rotating out of gold and Bitcoin into semiconductor stocks:

Since April, US gold and Bitcoin ETFs have posted -$12 billion in cumulative outflows.

Over the same period, US semiconductor ETFs have attracted +$20 billion in cumulative inflows.

This trend accelerated in mid-May, with outflows from gold and Bitcoin funds more than tripling.

At the same time, inflows into semiconductor ETFs have doubled.

Meanwhile, the largest US gold-backed ETF, $GLD, is down -13% since the start of April, while the largest Bitcoin ETF, $IBIT, is down -12%.

Over the same period, the semiconductor ETFs, $SOXX and $SMH, are up +81% and +60%, respectively.

Retail is driving markets like never before.

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“You’re not engaging in good faith!”

Their good faith:

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JUST IN: 2026 FIFA World Cup officially becomes the most-attended tournament ever, with over 3.6 million spectators

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“Knock Knock”

“Who’s there?”

“It’s your investors Warner Brothers, your feminist movie just killed an entire franchise”

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Never give up. Never stop reaching. Everything you want is within your grasp—if only you have the strength to believe

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This is how you get a commercial driver's licence in California, by the way

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Earthquakes strike Venezuela, Japan, Afghanistan, Philippines and California in deadly week

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