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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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Since its launch in 2013, Telegram has grown from a simple messaging app to a broadcast network. Its user base isn’t as vast as WhatsApp’s, and its broadcast platform is a fraction the size of Twitter, but it’s nonetheless showing its use. While Telegram has been embroiled in controversy for much of its life, it has become a vital source of communication during the invasion of Ukraine. But, if all of this is new to you, let us explain, dear friends, what on Earth a Telegram is meant to be, and why you should, or should not, need to care. That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. Some people used the platform to organize ahead of the storming of the U.S. Capitol in January 2021, and last month Senator Mark Warner sent a letter to Durov urging him to curb Russian information operations on Telegram. Ukrainian forces successfully attacked Russian vehicles in the capital city of Kyiv thanks to a public tip made through the encrypted messaging app Telegram, Ukraine's top law-enforcement agency said on Tuesday. On December 23rd, 2020, Pavel Durov posted to his channel that the company would need to start generating revenue. In early 2021, he added that any advertising on the platform would not use user data for targeting, and that it would be focused on “large one-to-many channels.” He pledged that ads would be “non-intrusive” and that most users would simply not notice any change.
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