LOSSES are part of trading - that's a FACT you must accept. But here's the game-changing truth: while you can't avoid ALL losses, you CAN prevent the MASSIVE ones that destroy accounts. Master this distinction and you're already ahead of 90% of traders.
July leveraged loans just saw the most repricing activity EVER:
- $150B across 100 companies
- Average cut: 25bps
Repricing fatigue is officially a thing
ELON: A SPACEFARING FUTURE IS AN EXCITING FUTURE
“It's always important to explain the why of things, and the why of Starship is that we want to be a multiplanet species to extend consciousness beyond Earth, I think for two main reasons.
One is to ensure the long-term survival
Grok’s potential for evil will expand to fill the space it is permitted.
Any sensibly crafted AI would resist a response unless informed of the inquirer’s purpose
👇
Jobless claims tomorrow & it’s a BIG one.
Why is it a big one?
Remember the Powell Pump last week?
He signaled his willingness to cut if the labor market remains weak.
Tomorrow - we find out 🍿
$SPY $QQQ $IWM
the "flex" economy is taking a hit 🔪🔪
Mercedez-Benz sales down 82%
Audi sales down 70%
Balwin signature (luxury) sales down 36%
Curro reported declining enrolments
Multichoice lost 2.8m subscribers in two years
survival is replacing status symbols 💳💳