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Transcript

Bull In A China Shop. · ANGLES.

0:09
SPEAKER_00: After successfully fixing the world cup over the long weekend,
0:13
SPEAKER_00: Trump is finding Iran to be far less willing than FIFA to bend to his every whim
0:20
SPEAKER_00: and is certainly not surrendering by any definition of the word,
0:24
SPEAKER_00: let alone the unconditional kind that the president claims to require at a minimum.
0:29
SPEAKER_00: the 60-day deadline countdown continued inexorably with no sign whatsoever
0:35
SPEAKER_00: of any progress towards a workable and sustainable resolution to
0:39
SPEAKER_00: the conflict Wall Street was keeping the faith on Monday however
0:44
SPEAKER_00: and its focus was mostly elsewhere
0:47
SPEAKER_00: astonishingly strong Q1 earnings and mostly solid Q2 economic data continue
0:53
SPEAKER_00: to resonate and stock indexes march steadily back towards record high levels,
0:58
SPEAKER_00: with traders starting to pile back into the tech trade.
1:03
SPEAKER_00: Wild volatility returned to South Korean markets on Tuesday as Samsung,
1:08
SPEAKER_00: with a 22% weighting in the local KOSPI index,
1:12
SPEAKER_00: failed to meet high expectations in an interim earnings report.
1:16
SPEAKER_00: and trading circuit breakers were triggered again as the index fell over 8%
1:21
SPEAKER_00: at one point This negatively impacted other Asian markets and
1:26
SPEAKER_00: then brought Monday's tech rally in the US to an abrupt halt and all of
1:31
SPEAKER_00: the indexes closed the session in the red not helped by more firefights in
1:36
SPEAKER_00: the Strait of Hormuz and renewed US bombing of Iran which sent oil prices
1:42
SPEAKER_00: and interest rates spiraling higher
1:46
SPEAKER_00: spacex already down 30% from its post-ipo high joined the nasdaq 100 index
1:53
SPEAKER_00: on tuesday morning as well as the widely followed russell 1000 index
1:57
SPEAKER_00: and is therefore now a component of the popular qqq etf and plenty
2:02
SPEAKER_00: of other index tracking funds and the stock price promptly collapsed
2:07
SPEAKER_00: by another seven percent to below its ipo day opening price
2:12
SPEAKER_00: meaning that anyone who bought the stock
2:14
SPEAKER_00: and didn't quickly sell it is now losing money
2:19
SPEAKER_00: the stock market's almost blind confidence in a swift resolution to
2:22
SPEAKER_00: the iran war was shaken on wednesday as trump appeared to have a hissy fit
2:28
SPEAKER_00: while rampaging around the nato summit in portugal like a bull in
2:32
SPEAKER_00: a china shop calling the iranians scum and liars
2:37
SPEAKER_00: characterizing peace negotiations as a waste of time and declaring the ceasefire to be over.
2:44
SPEAKER_00: He also began rambling about Greenland again,
2:47
SPEAKER_00: lashed out at any European he could think of,
2:50
SPEAKER_00: especially anyone from Spain,
2:52
SPEAKER_00: and nonsensically blamed Starmer's recent fall from power on
2:57
SPEAKER_00: the UK Prime Minister's reluctance to join the apparently very popular deadly attack
3:03
SPEAKER_00: on Iran back in February.
3:06
SPEAKER_00: stocks tumbled at the open as the continuing oil price surge put higher inflation
3:11
SPEAKER_00: and thereby possible interest rate hikes back in play but then dip buyers seemed
3:16
SPEAKER_00: to feel that enough was enough for the time being at least scooping up many of
3:20
SPEAKER_00: the battered tech names pulling the indexes back
3:23
SPEAKER_00: to close barely changed there appears to be some appetite for raising
3:29
SPEAKER_00: the fed funds rate among several voting members of the FOMC
3:35
SPEAKER_00: according to the minutes released from its last meeting.
3:39
SPEAKER_00: Nevertheless,
3:40
SPEAKER_00: US indexes spent the day drifting steadily northwards all day on Thursday,
3:45
SPEAKER_00: with ongoing bargain hunting among tech and small cap names in particular,
3:50
SPEAKER_00: and closed nicely higher.
3:53
SPEAKER_00: Q2 earnings season kicked off on Friday,
3:56
SPEAKER_00: with Delta Airlines getting things started,
3:58
SPEAKER_00: but things really ramp up this week,
4:01
SPEAKER_00: with most of the big banks reporting on Tuesday morning.
4:05
SPEAKER_00: a record 27 billion blockbuster foreign US IPO
4:09
SPEAKER_00: from South Korean memory chip maker SK Hynix was well oversubscribed and
4:15
SPEAKER_00: the price jumped on day one the indexes had a relatively quiet session but continued
4:21
SPEAKER_00: on an upward glide path to close the week pretty much
4:24
SPEAKER_00: where they opened it some other things I'm thinking about
4:29
SPEAKER_00: According to Dimensional Fund Advisors Research,
4:33
SPEAKER_00: the average age that a woman is widowed in the US is 59 years old.
4:38
SPEAKER_00: 72% of women aged 85 or older are widowed, more than double the number of men at just 35%.
4:47
SPEAKER_00: US women live 5.6 years longer than men on average
4:50
SPEAKER_00: and incur greater healthcare costs over their lifetimes.
4:54
SPEAKER_00: The average woman in the US earns about 18% less in salary than the average man
4:59
SPEAKER_00: during their working lives On average,
5:03
SPEAKER_00: women receive about $5,000 less in annual Social Security retirement benefits
5:08
SPEAKER_00: than men Two-thirds of women who use a financial
5:12
SPEAKER_00: or investment professional feel misunderstood by their advisor which is important
5:18
SPEAKER_00: since only 36% of women are confident about their investment knowledge
5:23
SPEAKER_00: compared to 59% of men confidence and competence should not be confused men
5:31
SPEAKER_00: and women consistently show equal levels of financial literacy
5:36
SPEAKER_00: the quick buck crowd is having a tough time a bit lately
5:40
SPEAKER_00: with crypto's complete meltdown gold and silver's collapse from recent highs
5:45
SPEAKER_00: and spacex's crumble
5:47
SPEAKER_00: Things got worse as 2026's most talked about hipster ETF Roundhill's memory
5:54
SPEAKER_00: and digital storage stock fund DRAM just crashed 25% in 8 trading days