1. NVDA $2T to $3T in 30 Day vs. Warren Buffett
Jim Reid Deutsche Bank
2. Short-Interest in S&P and QQQ Hits New Lows
JP Morgan
Found at Daily Dirt Nap Newsletter https://www.dailydirtnap.com/
3. Ned Davis Research- U.S. Households at Record Stock Allocation
4. Long-Term Trends in S&P
From Ben Carlson Blog
https://awealthofcommonsense.com/2024/06/when-is-the-mean-reversion-coming-in-the-stock-market
5. The Defense Industry Can’t Hire Workers Fast Enough -Axios
By Hope King and Colin Demarest
6. Tom Lee Fundstrat -Autos and Housing Effect on CPI
7. Home Prices to Median Income Increases by 50% vs. 1990
Chartr
-As wage growth struggles to keep pace with home price inflation, buying a house has felt increasingly out of reach for millions of Americans recently — a trend that’s been ongoing for the last 3+ decades.
Indeed, in 2023, a typical home in America will cost buyers 4.9x the median income. That’s a 50%+ increase on the 3.1x price-to-income ratio averaged in 1990 and only slightly below the record figure set in 2022, according to new analysis from the Harvard Joint Center for Housing Studies.
Furthermore, this is a phenomenon that’s happening almost everywhere: a whopping 378 out of the 384 American Metropolitan areas (98.4%) that Chartr analyzed from the Harvard report saw rises between 1990 and 2023. Just 2 areas reported a home-price-to-median-income ratio that was the same as in 1990 and only 4 reported a drop.
Inflation continues to be the factor in how Americans perceive the economy — and the cost of houses is a major factor in that sentiment. Across the US, home prices have surged by 47% since the start of 2020 and have more than doubled since 2010, based on data from the NAR cited in the report.
While new-home construction has fallen to a 4-year low, there’s also fewer existing homes entering the market. Rising interest rates have created a “golden handcuff” effect, discouraging homeowners from selling and taking on new, more expensive mortgages. Additionally, more homes are owned by older generations who are less likely to move. This has all culminated in a stark reality: you now need an annual income of $100,000 to afford a median-priced home in nearly half of all metro areas.
As for renters? The majority of them are already declaring the American Dream of homeownership dead.
8. Median Price Single Home $424,500 -Wolf Street Blog
9. The Average Heat Waves in U.S.
https://www.barrons.com/articles/heat-wave-economy-damage-d63ce343?mod=past_editions
10. Farnam Street Blog-Roger Federer
Insights-“Perfection is impossible. In the 1526 singles matches I played in my career, I won almost 80% of those matches. Now, I have a question for you.
What percentage of points do you think I won in those matches? Only 54%.
In other words, even top-ranked tennis players win barely more than half of the points they play. When you lose every second point on average, you learn not to dwell on every shot.
You teach yourself to think, okay, I double-faulted … it’s only a point. Okay, I came to the net, then I got passed again; it’s only a point. Even a great shot, an overhead backhand smash that ends up on ESPN’s top 10 playlist. That, too, is just a point.
And here’s why I’m telling you this. When you’re playing a point, it has to be the most important thing in the world, and it is. But when it’s behind you, It’s behind you. This mindset is really crucial because it frees you to fully commit to the next point and the next point after that, with intensity, clarity, and focus.
You want to become a master at overcoming hard moments. That is, to me, the sign of a champion. The best in the world are not the best because they win every point. It’s because they lose again and again and have learned how to deal with it. You accept it. Cry it out if you need to and force a smile.”
— Roger Federer
https://fs.blog/