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Americans are cashing-in on the recent bull market:

The current value of stock investments for the US top-third income earners has hit a record ~$500,000.

This value has jumped by ~$260,000 over the last 3 years.

At the same time, middle-third earners have seen their investments rise ~$75,000, to a record $144,000.

Furthermore, the bottom-third has seen their investments rise by $29,000, to $52,000.

The top third now holds nearly 10 TIMES more stock than the bottom third.

This run has been truly history.
(@TheKobeissiLetter)



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Americans are cashing-in on the recent bull market:

The current value of stock investments for the US top-third income earners has hit a record ~$500,000.

This value has jumped by ~$260,000 over the last 3 years.

At the same time, middle-third earners have seen their investments rise ~$75,000, to a record $144,000.

Furthermore, the bottom-third has seen their investments rise by $29,000, to $52,000.

The top third now holds nearly 10 TIMES more stock than the bottom third.

This run has been truly history.
(@TheKobeissiLetter)

BY The Kobeissi Letter




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He adds: "Telegram has become my primary news source." The gold standard of encryption, known as end-to-end encryption, where only the sender and person who receives the message are able to see it, is available on Telegram only when the Secret Chat function is enabled. Voice and video calls are also completely encrypted. Individual messages can be fully encrypted. But the user has to turn on that function. It's not automatic, as it is on Signal and WhatsApp. "We're seeing really dramatic moves, and it's all really tied to Ukraine right now, and in a secondary way, in terms of interest rates," Octavio Marenzi, CEO of Opimas, told Yahoo Finance Live on Thursday. "This war in Ukraine is going to give the Fed the ammunition, the cover that it needs, to not raise interest rates too quickly. And I think Jay Powell is a very tepid sort of inflation fighter and he's not going to do as much as he needs to do to get that under control. And this seems like an excuse to kick the can further down the road still and not do too much too soon." And while money initially moved into stocks in the morning, capital moved out of safe-haven assets. The price of the 10-year Treasury note fell Friday, sending its yield up to 2% from a March closing low of 1.73%.
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