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Degens Deteriorating
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The heat is incredible. Florida and Texas aren’t so hot and humid. The mood is sedate on the 250th in the Capital

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Pope Leo visited Lampedusa today to highlight the humanitarian crisis for the migrants arriving there.

He prayed for the migrants who have died at sea, called for compassion, safe harbors and legal pathways for migrants.

He laid a wreath at a migrant cemetery, visited the β€œGateway to Europe” monument, met migrant families and thanked the Lampedusans for being good Samaritans.

Tens of thousands illegal migrants have arrived in Europe via Lampedusa in the past few years.

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Fresh from my pizza oven. Maltese-style sourdough bread. I remember spending long summers at my grandparents’ farmhouse in Marsaskala, eating this stuff with butter and salami and drinking ice-cold Fanta from glass bottles

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JUST IN: Iran says China will receive special treatment for ships using the Strait of Hormuz

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Japanese individual investors are buying the dip at a record pace:

Retail investors purchased +$5.9 billion of Japanese equities in the week ended June 26th, the largest weekly total on record.

At the same time, foreign funds sold -$7.7 billion, the largest weekly outflow since March.

This follows -$6.0 billion in sales by retail in the prior 2 weeks.

Despite the pullback, the Nikkei 225 surged +37% in Q2 2026, its best quarterly performance on record, fueled by AI-related names.

Retail dip buying has become a global trend.

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Bitcoin dominance is dropping hard.

A breakdown from this consolidation channel could trigger a relief rally in ETH and altcoins.

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If somebody makes an AI edit of the new Odyssey film with this 6/10 Latina mid replacing Lupeter Umbongo, maybe then

I’ll watch it.

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Full-time jobs in the US are falling at a concerning rate:

Full-time employment dropped -514,000 in June, to 133.66 million, the lowest since December 2024.

This marks the 3rd consecutive monthly decline, totaling -1.01 million.

Since January 2025, full-time employment has now fallen -2.24 million

This also brings full-time employment back to levels seen in Q1 2023.

Meanwhile, the full-time employment-to-population ratio, which measures the proportion of the population working full-time, is down to 48.5%, from 50.5% in 2022, the lowest since mid-2021.

The weakness in the US labor market is accelerating.

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This is the flag I carried on my kit when I was wounded in Afghanistan.

Feels like today is the right day to take it out and fly it for the first time.

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God Bless America.

From our family to yours, let's work together to protect and save the country we love.

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BULLISH: The Senate is expected to release the final draft text of the CLARITY Act THIS WEEKEND.

ITS COMING!

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ISLAMIFICATION: Palestine Action US founder Calla Walsh went on Iran's state TV to call Ayatollah Khamenei the greatest anti-imperialist leader of her lifetime. A Democrat praising a terror regime's leader on his own propaganda network

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