The gap between rich and poor has never been more dramatic

• Half the US lives paycheck to paycheck
• Top 1% commands more wealth than entire middle class
• Housing is historically unaffordable

This report explains American inequality — in 13 charts:
openingbelldailynews.com/c/wealth-inequ…

Here are 13 charts that highlight how bad wealth inequality has become.

It is insane.

Charts below 👇🏼

The US economy isn't facing old-fashioned stagflation

Compared to the 1970s, we currently have:

• Stronger stock returns
• Lower unemployment
• Lower CPI

The 'Misery Index' cited by Nick Colas & Jessica Rabe (DataTrek) adds context, as I wrote in Opening Bell Daily today👇

The Fed is breaking the wrong parts of the economy

Policymakers have failed to tame inflation — and that's put a strain on the everyday Americans who can least afford it.

Delinquencies have surged on account of the central bank's higher rates.👇

'Inflation is too high for comfort. The fact that the data are consistent with strong demand rather than a supply shock makes the Fed's decision easier: both of its mandates suggest that cuts remain firmly off the table for now.' — Bank of America

US GDP clocks in at 1.6% in the first quarter

Below the expected 2.5%

[Chart: Yahoo Finance]

Zuck is betting on a future that only he can see

Meta crushed Q1 earnings. Its stock plunged as low as 19%.

Meta plans to invest heavily in AI — but Wall Street is concerned the ROI may not happen fast.

Remember, this is company with 3.2 billion users logging on everyday 👇

Competition keeps markets moving.

And the gov wants more of it — the FTC wants to stop companies from using non-competes:

• 18% of Americans could change jobs
• Wages could grow $400+ billion in a decade

Nixing non-competes means more competing — and that's a good thing👇

I'm shipping out the 15th edition of Opening Bell Daily tomorrow!

It's a bit different than previous issues — and counter-programming during a busy week of Big Tech news.

If I'm already in your inbox, I appreciate you!

If not, subscribe here:
openingbelldailynews.com/subscribe

experimenting with Didier Lopes idea for OpenBB Copilot: suggest titles/descriptions when creating a widget from copilot answers 🤖

see it in action with $TSLA earnings, featuring insights from the last Opening Bell Daily🔔 article, thanks to KOFFEE URL to markdown tool 👀👇

Stocks have taken a hit.

But it's about time that happened.

Markets are finally coming to terms with a cocktail of bearish headwinds:

• Fed delaying rate cuts
• Geopolitical uncertainty

Full breakdown in Opening Bell Daily🔔 featuring insights from Larry Tentarelli, Blue Chip Daily👇

Why the stumbling of the bulls makes sense👇

• Bearish headwinds to drag stocks
• Insights from Larry Tentarelli, Blue Chip Daily
• Geopolitical impact on markets

READ:
openingbelldailynews.com/p/stock-market…

CHICAGO FED PRESIDENT GOOLSBEE: 'Progress on inflation has stalled.'

“You never want to make too much of any one month’s data, especially inflation, which is a noisy series, but after three months of this, it can’t be dismissed.”

In today's edition of Opening Bell Daily👇

• Wall Street & bitcoin halving
• Israel's strike on Iran
• Netflix earnings

READ:
openingbelldailynews.com/p/bitcoin-halv…