A deeply conservative, ultra-Orthodox group known as Satmar Hasidic Jews, who moved to Brooklyn, NY after the Holocaust are experiencing widespread poverty and yet there is a social rule that lives amongst the women. An unwritten social expectation forces women and girls to dress in high-end luxury designer labels like Gucci and Prada. These outfits often cost upward of $400, or roughly 11% of a family's monthly rent. To maintain this appearance of respectable wealth (balebetish), families make devastating trade-offs, including shutting off their household heating during freezing New York winters. This extreme material obsession exists in total defiance of both their limited financial reality and their own religious leaders' public, desperate pleas for modesty.
To dissect the intense psychological weight of this pressure, researchers recruited ordinary Satmar women to purposefully violate this rigid luxury standard for a single day by sending them out into their neighborhoods wearing inexpensive, completely plain dresses.
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To dissect the intense psychological weight of this pressure, researchers recruited ordinary Satmar women to purposefully violate this rigid luxury standard for a single day by sending them out into their neighborhoods wearing inexpensive, completely plain dresses.
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Why have Canadians decided to relinquish their manners all of a sudden and start flinging sh&t everywhere?
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Media is too big
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WATCH: ROBINHOOD UNVEILS PLANS TO ROLL OUT AGENTIC TRADING FOR CRYPTO
Robinhood says AI agents will soon be able to trade crypto through dedicated U.S. accounts using its Trading MCP infrastructure, with users being able to set predefined spending limits.
The feature follows the rollout of agentic stock and options trading earlier this year and will be offered at no additional cost.
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Robinhood says AI agents will soon be able to trade crypto through dedicated U.S. accounts using its Trading MCP infrastructure, with users being able to set predefined spending limits.
The feature follows the rollout of agentic stock and options trading earlier this year and will be offered at no additional cost.
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BREAKING: Global equity funds attracted +$56.4 billion in inflows in the week ending Wednesday, July 8th, the 4th-largest weekly inflow this year.
This brings the 4-week average of total equity fund inflows up to +$40.0 billion, the 2nd-largest on record.
The weekly surge was driven by technology funds that posted +$18.8 billion in inflows, the 2nd-largest on record.
As a result, the 4-week average of inflows into tech funds are up to +$11.0 billion, an all-time high.
Technology funds are now also on track for a record +$183 billion in total annual inflows in 2026.
Investors are rushing into tech stocks like never before.
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This brings the 4-week average of total equity fund inflows up to +$40.0 billion, the 2nd-largest on record.
The weekly surge was driven by technology funds that posted +$18.8 billion in inflows, the 2nd-largest on record.
As a result, the 4-week average of inflows into tech funds are up to +$11.0 billion, an all-time high.
Technology funds are now also on track for a record +$183 billion in total annual inflows in 2026.
Investors are rushing into tech stocks like never before.
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Polymarket odds give Trump a 71% chance of deporting only 400-500k illegal immigrants in 2026 and only a 16.2% chance of deporting more than 500k
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Shocking stat of the day:
The Memory ETF, $DRAM, has surpassed $25 billion in assets under management (AUM) for the first time, officially overtaking the 26-year-old South Korea ETF, $EWY, despite launching on April 2nd.
This comes as $DRAM has attracted a record +$22 billion in inflows since its debut.
Over the same period, $EWY has posted -$2 billion in outflows.
To put this into perspective, before $DRAM launched, $EWY had attracted +$6 billion in inflows in 2026.
Prior to $DRAM, investors largely used $EWY as the international proxy for memory stocks.
Today, these two ETFs still carry a 46% overlap in underlying holdings.
The memory trade has never been more popular.
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The Memory ETF, $DRAM, has surpassed $25 billion in assets under management (AUM) for the first time, officially overtaking the 26-year-old South Korea ETF, $EWY, despite launching on April 2nd.
This comes as $DRAM has attracted a record +$22 billion in inflows since its debut.
Over the same period, $EWY has posted -$2 billion in outflows.
To put this into perspective, before $DRAM launched, $EWY had attracted +$6 billion in inflows in 2026.
Prior to $DRAM, investors largely used $EWY as the international proxy for memory stocks.
Today, these two ETFs still carry a 46% overlap in underlying holdings.
The memory trade has never been more popular.
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