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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BREAKING: The Fed is now officially blocked from issuing a CBDC until 2030.
A provision buried inside the 21st Century ROAD to Housing Act prevents the Federal Reserve from creating a CBDC or similar digital currency without congressional approval.
Stablecoins like $USDC and $USDT remain unaffected.
A major win for the crypto industry.
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A provision buried inside the 21st Century ROAD to Housing Act prevents the Federal Reserve from creating a CBDC or similar digital currency without congressional approval.
Stablecoins like $USDC and $USDT remain unaffected.
A major win for the crypto industry.
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Does anyone else find it disturbing that so many Aussie feminists are “free bleeding” in public pools when they have their period?
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Big tech is resuming market leadership:
The proportion of Nasdaq 100 stocks trading at least -20% below their peaks is up to 48%, the highest since the February-March selloff.
This percentage has doubled over the last 12 months, though it remains below the 60% recorded before the late-March market bottom.
By comparison, during the 2022 bear market, this metric surged to as high as 80%.
This comes despite 64% of Nasdaq 100 stocks still trading above their 200-day moving average, near the highest reading of the year.
To put this into perspective, only 38% of index constituents were trading above their 200-day moving average before the market bottomed on March 30th.
The rally is becoming increasingly dependent on a shrinking group of stocks.
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The proportion of Nasdaq 100 stocks trading at least -20% below their peaks is up to 48%, the highest since the February-March selloff.
This percentage has doubled over the last 12 months, though it remains below the 60% recorded before the late-March market bottom.
By comparison, during the 2022 bear market, this metric surged to as high as 80%.
This comes despite 64% of Nasdaq 100 stocks still trading above their 200-day moving average, near the highest reading of the year.
To put this into perspective, only 38% of index constituents were trading above their 200-day moving average before the market bottomed on March 30th.
The rally is becoming increasingly dependent on a shrinking group of stocks.
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BREAKING: Kash Patel projected to be ousted as FBI director by the end of the year.
54% chance.
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54% chance.
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Byron Donalds’ campaign door-knocker doesn’t speak English and says he entered the United States 5 years ago under Joe Biden.
Donalds has a 96% chance to win the Florida gubernatorial primary, according to Polymarket.
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Donalds has a 96% chance to win the Florida gubernatorial primary, according to Polymarket.
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BREAKING - UK police are now refusing to release footage or information on the killer of former Conservative MP Ann Widdecombe after initially blaming a “White British man” for the killing, stating that doing so could “prejudice” the investigation
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