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๐Ÿ‡บ๐Ÿ‡ธU.S. ECONOMIC DATA THIS WEEK:

โ€ข NY FED MANUFACTURING INDEX (MON.)
โ€ข RETAIL SALES (TUES.)
โ€ข BUILDING PERMITS (WED.)
โ€ข HOUSING STARTS (WED.)
โ€ข INDUSTRIAL PRODUCTION (WED.)
โ€ข JOBLESS CLAIMS (THURS.)
โ€ข PHILLY FED MANUFACTURING INDEX (THURS.)

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๐Ÿ“Š Key Events This Week:

1. Fed Chair Powell Speaks - Monday

2. June Retail Sales data - Tuesday

3. June Building Permits data - Wednesday

4. Philly Fed Manufacturing data - Thursday

5. Total of 11 Fed speaker events this week

6. Large banks report Q2 2024 earnings

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๐Ÿ‡บ๐Ÿ‡ธ U.S. Equity Funds saw a weekly inflow of more than $15 billion to finish June, the largest weekly inflow in 12 months

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๐Ÿ”ฅ BREAKING: The Wall Street Journal reports that #Google parent company Alphabet is in advanced talks to buy cybersecurity firm Wiz for roughly $23 billion.

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๐Ÿšจ๐Ÿšจ๐Ÿšจ Google's #Gemini AI caught scanning Google Drive hosted PDF files without permission โ€” user complains feature can't be disabled.

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๐Ÿ“Š June was the first month since October 2020, when no global central bank raised interest rates.

This is down from a record 35 rate hikes conducted in September 2022 in response to spiking inflation.

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๐Ÿ‡ฎ๐Ÿ‡ณ Apple's $AAPL annual sales in India hit a record of ~$8 Billion in the 12 months through March up 33% YoY - Bloomberg

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๐Ÿ’ฐ BlackRock CEO Larry Fink said today heโ€™s a โ€˜major believerโ€™ in Bitcoin $BTC, is worried about government deficits - CNBC

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๐Ÿ“Š Apple $AAPL is now the first public company ever to pass a $3.6 Trillion

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JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ Tesla $TSLA CEO Elon Musk will contribute $45 million per month in order to elect Former President Donald Trump

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๐Ÿ“Š Founder Jeff Bezos just sold 403,974 $AMZN shares worth $80.8 million. He's now sold $10.25 Billion worth of shares this year!

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โšก๏ธ BREAKING: ๐Ÿ‡บ๐Ÿ‡ธ Elon Musk to give $45 million a month to a Trump super PAC - Wall Street Journal

That's $225m over 5 months.

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๐Ÿ’ฐ Bitcoin is the #1 performing asset since 2013

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๐Ÿ‡บ๐Ÿ‡ธ The market is now pricing in a 100% chance that Jerome Powell and the Fed will cut rates by September - CME FedWatch Tool

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๐Ÿ“Š Current situation:

1. Tech stocks are falling like we are entering a bear market

2. Small cap stocks are rising like the bull market just began

3. Gold prices are rising like we are entering a recession

4. Bond prices are falling like the economy is strong

5. Oil prices are falling like rate cuts are cancelled

6. The S&P 500 is rising like rate cuts already began

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๐Ÿ“ˆ Gold hit its highest price of all-time

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๐Ÿ‡บ๐Ÿ‡ธ Donald Trump appears in public with a bandage on his ear for the first time since being shot.

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โšก๏ธ BREAKING: Trump ๐Ÿ‡บ๐Ÿ‡ธ plans to lower corporate income tax to 15% if elected.

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๐Ÿ‡ท๐Ÿ‡บ ๐Ÿ‡จ๐Ÿ‡ณ Russia surpassed Saudi Arabia to become China's largest oil supplier in 2023.

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๐Ÿ“Š Investors are the most underweight Real Estate since January 2009

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๐Ÿšจ DONALD TRUMP WARNS POWELL NOT TO CUT RATES BEFORE THE ๐Ÿ‡บ๐Ÿ‡ธ US ELECTION - FT

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