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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IRAN FEEDS: "During the live broadcast on the Israeli government channel from Be'er Sheva, settlers are insulting the government due to its failure to intercept Iranian rockets and fabricating lies about the settlers."
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The gap between home sale and list prices has never been larger:
The US home median list price reached $425,950 for the 4 weeks ending June 8th.
At the same time, the median sale price was $397,000, or $28,950 below list price, the highest on record.
Furthermore, this gap has rapidly widened over the last few months.
By comparison, the median sale price was higher than the list price in 2021 and 2022, according to Redfin.
Additionally, only 28% of US homes are now selling above the asking price, the lowest for this time of year since 2020.
The US housing market is shifting toward buyers.
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The US home median list price reached $425,950 for the 4 weeks ending June 8th.
At the same time, the median sale price was $397,000, or $28,950 below list price, the highest on record.
Furthermore, this gap has rapidly widened over the last few months.
By comparison, the median sale price was higher than the list price in 2021 and 2022, according to Redfin.
Additionally, only 28% of US homes are now selling above the asking price, the lowest for this time of year since 2020.
The US housing market is shifting toward buyers.
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Anti-Israel activists have broken into an air base of the British Royal Air Force in the UK & vandalized 2 aerial refuelling & military transport planes
They’re now sabotaging planes that could be useful in any allied operation in the Middle East if allied troops come under fire
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They’re now sabotaging planes that could be useful in any allied operation in the Middle East if allied troops come under fire
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🇺🇸 TODAY: Kraken relocates HQ to Wyoming, citing the state’s pro-crypto laws and low taxes as key drivers in deepening its US crypto roots
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🇺🇸 Video going viral of Undercover ICE agents in plain cloths CAPTURING a Chinese National in Los Angeles
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