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🌐 Global Market:

Global:

• UK Government Minister tonight poses for photo op with a man wanted by The Hague for crimes against humanity.
• Hong Kong: People are cutting down facial recognition towers

US:

• An All-Time High of $9.3 trillion in U.S. Debt is set to mature within the next 12 months. This is the reason why they have to cut rates, very very soon.
• We will likely reach $36 trillion in national debt by the end of this year.

Markets:

• Boomer Stimulus: money market funds are currently paying $500 billion in interest annualized...which = 2.5% of consumer spending, according to Apollo
• More than 73% of S&P 500 $SPX stocks are now trading above their 200D moving average, the most since May

Companies:

• Company revenues are most closely tied to nominal GDP followed by PPI
• Since adopting a #Bitcoin standard in August 2020, MicroStrategy has been outperforming Nvidia
• $AMZN, $GOOGL, $META and $MSFT CapEx is expected to exceed the total CapEx of the other 90 technology and communication companies within the S&P 500 this year.