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Degens Deteriorating
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The Mandarin for America, ηΎŽε›½, translates to "Beautiful Country"

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America has been the engine of the entire world's material and social progress since its founding.

It's inspired countless constitutions, spread freedom abroad, freed its own citizenry, lifted the world out of drudgery, and it's given life to billions.

Thank God for America!

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Leverage in South Korean chip stocks is out of control:

Single-stock leveraged and inverse ETFs tracking SK Hynix now hold ~$19 billion in total assets, more than 4 times the stock's average daily trading volume this year of ~$4.5 billion.

At the same time, Samsung has ~$12.4 billion in leveraged ETF assets, +176% above its ~$4.5 billion in average daily turnover.

Furthermore, the Hong Kong-listed 2x leveraged long SK Hynix ETF, which holds ~$13 billion in assets, is worth about twice the value of SK Hynix shares traded on an average day, the widest gap of any major stock with a leveraged ETF tracking it.

By comparison, Micron, $MU, has ~$9.9 billion in leveraged ETF assets, well below its ~$27.5 billion in average daily trading volume.

All while Tesla, $TSLA, and Nvidia, $NVDA, have leveraged ETF assets of ~$6.0 billion and ~$5.6 billion, both far smaller than their daily trading volumes of ~$23.6 billion and ~$28.8 billion, respectively.

Leverage concentration in Korean chip stocks is through the roof.

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Illegal immigrant truck driver Michael Bon, a Haitian national, has been charged in the horrific death of Pennsylvania State Trooper Michael Pahira Jr.

A 44-year-old veteran who had recently moved home to help care for his mother during her cancer treatment.

The crash happened during a vehicle inspection when Bon's semi struck the trooper's patrol car. DHS has lodged a detainer.

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BREAKING:

Egypt inaugurates its new Strategic Command Headquarters β€œThe Octagon” in the new capital city β€œThe New Capital” east of Cairo.

Larger than the Pentagon, it will serves as Egypt’s central military and national security command hub.

The people working there will coordinate defense, crisis response, national security data and operations across government and armed forces branches across the country.

Spanning more than 9 million mΒ² of built area, it includes 13 integrated zones and houses:

- The Ministry of Defense

- Command of the Egyptian Armed Forces

- Advanced data centers, secure networks, simulation systems and cybersecurity infrastructure.

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Zohran Mamdani has to spend Independence Day witnessing non-stop American excellence flying by his window

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BREAKING - Zohran Mamdani’s New York City is facing massive criticism after an MTA train was wrapped in the Iranian regime’s flag during America’s 250th birthday

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JUST IN: Russian President Putin calls Trump to congratulate him for America's 250th anniversary and invites him to visit Russia.

The call lasted over an hour.

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Today's a great day to remind everyone:

American workers are far and away the richest in the world!

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