MORE: The first 8 of 12 U.S. F-22 jets have left RAF Lakenheath, UK, bound for Muwaffaq Salti Air Base in Jordan, supported by KC-135 and KC-46 tankers
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Massive Israeli airstrike on Tehran from a few days ago.
New footage from Iran has dropped sharply after internet shutdown.
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New footage from Iran has dropped sharply after internet shutdown.
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US technology jobs are declining:
Information Technology jobs in San Francisco and Northern Silicon Valley fell to 107,700 in April, the lowest since June 2020.
Since August 2022, the industry has lost 25,400 jobs, or -19%.
By comparison, after the 2000 Dot-Com Bubble, the tech industry lost ~29% of its jobs in 18 months and did not start to recover until 2011.
Furthermore, the Professional, Scientific, and Technical Services industries' jobs fell to 207,800 in April, the lowest since June 2020.
Since June 2022, these industries have recorded 21,600 job losses, or -9% of the total.
This brings the total job losses for all tech-related industries to 47,000 since the mid-2022 peak.
Highly paid tech jobs are declining.
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Information Technology jobs in San Francisco and Northern Silicon Valley fell to 107,700 in April, the lowest since June 2020.
Since August 2022, the industry has lost 25,400 jobs, or -19%.
By comparison, after the 2000 Dot-Com Bubble, the tech industry lost ~29% of its jobs in 18 months and did not start to recover until 2011.
Furthermore, the Professional, Scientific, and Technical Services industries' jobs fell to 207,800 in April, the lowest since June 2020.
Since June 2022, these industries have recorded 21,600 job losses, or -9% of the total.
This brings the total job losses for all tech-related industries to 47,000 since the mid-2022 peak.
Highly paid tech jobs are declining.
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📊 UPDATE: High-value investors now dominate 89% of Bitcoin transactions, with average transfer size hitting $36.2K as new retail demand dries up
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The US stock market's outperformance has been historic:
The ratio between emerging market performance and US equities has fallen to its lowest in ~55 years.
This is ~1 standard deviation below its historic mean.
Even at the 2000 Dot-Com Bubble peak, this ratio was higher.
Since 2009, US stocks have consistently outperformed emerging markets in US Dollar terms.
During this period, the S&P 500 has returned 562% while the Emerging Markets ETF, $EEM, has gained 163%, or ~3.4 times less.
US stocks are more popular than ever.
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The ratio between emerging market performance and US equities has fallen to its lowest in ~55 years.
This is ~1 standard deviation below its historic mean.
Even at the 2000 Dot-Com Bubble peak, this ratio was higher.
Since 2009, US stocks have consistently outperformed emerging markets in US Dollar terms.
During this period, the S&P 500 has returned 562% while the Emerging Markets ETF, $EEM, has gained 163%, or ~3.4 times less.
US stocks are more popular than ever.
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