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Degens Deteriorating
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The global bull market has been remarkably strong

The MSCI All Country World Index (ACWI) has recorded more new highs than new lows for 73 consecutive days, the longest streak since May 2021.

The index captures 23 Developed Markets and 24 Emerging Markets globally, covering ~85% of global investable equity.

By comparison, the longest stretch over the last decade was ~150 days, posted in 2020.

Year-to-date, the ACWI index has gained +17.1%, well above the last 10-year average of +11.1%.

Global stocks are running hot.

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Animal rights activist reportedly faces felony after gluing hand to Trader Joe’s

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Most crime is committed by people with 3+ prior arrests. It’s a relatively small handful of criminals causing a lot of the problems we see.

We could just arrest criminals.

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For the first time since Russia’s invasion of Ukraine began, the United States will provide the Ukrainian Armed Forces with intelligence for long-range missile strikes against energy infrastructure inside of Russia, senior officials have told the Wall Street Journal.

An order instructing both the Pentagon and intelligence agencies to aid Ukraine with strikes against targets within Russian territory was recently signed by President Donald J. Trump, with U.S. officials asking NATO Allies to provide similar support to Kyiv.

In addition, the U.S. is also weighing the delivery of Tomahawk and Barracuda Cruise Missiles, as well as other American-made ground and air-launched missiles that have ranges of around 500 miles to Ukraine, allowing them to potential strike targets in Russia that are as deep as Moscow.

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Risk appetite is incredibly strong:

Total assets under management (AUM) of all leveraged equity ETFs have now exceeded $1.6 billion, the highest since September 2022.

This marks one of the highest readings in years, only below the $1.8 billion peak seen 3 years ago.

Since April, leveraged equity ETF assets have risen +$700 million, or +74%.

This comes as 1-year inflows into those funds reached their highest levels in at least 12 months.

Interestingly, the largest 1-year inflow was recorded in leveraged ETFs tied to gold miners.

Appetite for risk is near records.

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These Democrats spent today crying about free healthcare for illegals and never posted a single word about legal immigrant Iryna Zarutska

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Feel culturally enriched yet, UK?

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Bitcoin End Price (Previous Epoch): $64,990

Current Price (Current Epoch): $118,680

Epoch Change: 83%

$BTC

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