BREAKING: Global stock market cap is up to a record $166 trillion.

This marks a +$32 trillion YoY increase, or +23.6%, far above the long-term average.

Global markets have surged +$94 trillion, or +131%, since the 2020 pandemic low.

By comparison, the global equity market value has grown at a +7.0% compound annual growth rate (CAGR) over the last 20 years.

Meanwhile, as a % of global GDP, the global equity market cap is up to a record ~134%.

Global equities are in the midst of one of the most powerful rallies in history.

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IT'S OFFICIAL: US Attorney Jeanine Pirro announces a DC grand jury indicted former Olympic canoeist David Hearn, who was caught RIPPING the sealant in the reflecting pool, on FELONY DESTRUCTION OF PROPERTY

FAFO. Hearn is facing 10 YEARS in prison

"Our evidence further shows that the National Park Service employees observed Hearn actually FORCEFULLY AND VlOLENTLY pulling up and removing the bottom liner with both hands," per Pirro

He allegedly ripped up 2 SQUARE FEET of sealant, before getting in the face and SCREAMING at a female NPS employee who confronted him.

"This was a delivered act to damage the reflecting tool at the National Mall that members of the National Park Service actually have worked hard to restore and have witnessed."

Again, this is NOT a unilateral action by the DOJ. A GRAND JURY brought the felony indictment.

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Meanwhile at a BART fare evasion gate in SF (to save $2.55)

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Houston, Texas (June 24) A crash escalated into a brutal assault when the driver in the white shirt (allegedly driving on the wrong side) repeatedly assaulted the other driver — even after he was on the ground. Then they all fell on top of the unconscious guy

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Woman laughs as she records her boyfriend stealing a food delivery from a stranger’s porch.

They’re not exactly breaking stereotypes, are they?

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They’re going to send bitcoin to $10 million a coin and there’s nothing you can do to stop it.

Don’t fight the future. Front run it.

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BREAKING: The Dow surges nearly +600 points and closes at its highest level on record

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Swedish football supporter & off-duty policeman Christian Zedig was stomped to death while watching the World Cup at a fan zone in Copenhagen

A large African group attacked Swedish & Norwegian supporters during Norway va Ivory Coast

He leaves behind a wife & 2 young daughters

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Nashville, Tennessee. Why do they do this? A woman wasn’t satisfied with the service at the pizza buffet. So like any rational person, she decides to calmly destroy the restaurant

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Love Japan because they always keep things interesting. What other country is insane enough to do stuff like this

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NEW: TRUMP SAYS HE DIDN’T KNOW ABOUT THE AMOUNT OF MONEY HE AND HIS FAMILY MADE FROM CRYPTO

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Levered ETFs have become one of the most powerful forces in US equity markets:

Daily rebalancing activity in US equity leveraged ETFs is up to a record $50 billion.

Leveraged ETFs must rebalance daily to stay at their target leverage, adding more exposure after markets rise and reducing it after markets fall.

This figure has more than QUADRUPLED since the start of 2026.

Rebalancing activity now accounts for a record 1.60% of S&P 500 futures volume, exceeding the 2020-2024 peaks by 200%.

To put it simply, leveraged ETFs have grown large enough that their daily rebalancing can now amplify market moves in both directions.

Leveraged ETFs are amplifying market volatility like never before.

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