⚡️ JUST IN: White House no longer expects an agreement with Iran to be announced today and believes it could take several more days for the deal's approval.

Trump said yesterday that a deal announcement was coming "shortly." US officials remain "optimistic" but warn the deal could still collapse.

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❕ S&P 500 Soars as US Consumer Sentiment Hits Record Low

Over 6 years, the S&P 500 rose 130% while US Consumer Sentiment fell 55%, hitting its lowest since 1952.

This shows the largest wealth gap in modern history.

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🚨 Record Concentration in Top S&P 500 Stocks

Goldman warns that the top 10 stocks in the S&P 500 now account for 39.7% of the index, an unprecedented level of concentration.

This surpasses the previous record set before the stock market crash during the Great Depression in the US.

A growing number of experts caution that such concentration is unusual for stable bull markets.

They also note that at every market peak, investors create complex reasons why old rules no longer apply and believe "this time is different," but history so far suggests otherwise.

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⚡️ JUST IN: The U.S. and Iran agreed to extend a ceasefire for 60 days after initially setting it in early April.

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Economist Richard Werner claims the 1997 Asian financial crisis was fully planned, alleging the IMF deliberately pushed Thailand to bankruptcy to force cheap sales of its national industry.

He says the current crisis in Iran is also artificially created by the US, enabling the purchase of troubled companies in Europe and Asia.

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AI may displace human labor on a "very large scale," said Anthropic co-founder Olah.

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⚡️ JUST IN: Iran's Foreign Ministry says the US has violated the ceasefire in the Hormozgan area.

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Peter Schiff says Michael Saylor is running out of cash after Strategy’s $1.5B debt repurchase, questioning what he will sell next to keep the wheels from falling off.

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⚡️ JUST IN: US consumer confidence rises to 93.1 in May, beating the 92.0 estimate.

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Berkshire Hathaway now has $400 Billion in cash, the highest in the conglomerate's history

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US space sector stocks have surged sharply since the start of this year due to the SpaceX IPO effect.

The SpaceX IPO is expected on June 12 on NASDAQ, aiming for a $2 trillion valuation, making it the largest IPO ever worldwide.

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⚡️ JUST IN: Draft US-Iran MOU would see US forces withdraw from Iran’s vicinity and lift the naval blockade, Iran state TV says.

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⚡️ JUST IN: The White House indirectly denies Iran state TV’s reported draft US-Iran MOU, stating no deal has been reached.

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