ABSOLUTELY INSANE…
The richest 10% own 75% of global wealth. The poorest HALF owns just 2%.
Even crazier: fewer than 60,000 people own THREE TIMES as much wealth as that entire bottom half.
In the US, the richest 10% hold roughly 69% of household wealth. The bottom half holds just 2.3%.
And IMF research warns AI could widen the divide further by boosting returns for people who already own assets.
That’s what worries me: the same technology making a business more profitable could put its employees’ wages and jobs under pressure.
The economy getting richer doesn’t automatically mean YOU are getting ahead.
Absolutely phenomenal price action on $NEAR.
It's above $5.
Now, two questions to ask.
1. Is this the right time to buy for a long term position?
Honestly, I don't think so. Narrative is strong, momentum is strong, but markets are going into waves.
If you'd want to be building a position, just wait for a correction to come. It will come. Probably comments will say that it will never come, but it will.
2. How about daytrading this asset?
Actually, this is a phenomenal one to daytrade, as it's doing clear support/resistance tests on a constant basis.
I don't think we'll see much more upside yet, and I'm looking to derisk a little more here in these ranges, but overall.
Congratulations.
Absolutely incredible.
The US 10Y Note Yield is now up +70 basis points this month.
We are now above 5.15% for the first time since June 2007.
The bond market is trading like the Fed is hiking rates by 50 basis points at a time.
Q4 is going to be interesting to say the least.
Absolutely incredible…
TRUMP: "It’s deeply ironic that the UN has an entire institution devoted to protecting cultural heritage, yet they promote mass migration and are actively destroying the greatest cultures and most extraordinary heritage."