BREAKING: US existing-home sales fell -2.7% MoM in June, to an annual rate of 3.93 million, the lowest in 9 months. Existing-home sales are now near their lowest level in 15 years. By comparison, the pre-pandemic average was ~37% higher. This comes as high mortgage rates are keeping home sales stuck at cyclical lows. Meanwhile, the median sales price rose +2% YoY last month, to a record of $435,300. The housing market remains historically unaffordable.

BREAKING: President Trump issues a statement on his tour of the renovation of the Federal Reserve Building with Fed Chair Powell. Trump says the renovation “would have been much better if it never started” and Powell needs to “lower interest rates.”

BREAKING: The US M2 money supply surged +4.5% YoY in June to a record $22.02 trillion. This marks the 20th consecutive monthly increase and the largest increase since July 2022. The surge brings M2 closer to the 2000–2025 average annual growth rate of 6.3%. Additionally, inflation-adjusted M2 rose +1.8% YoY last month. For perspective, US M2 Money Supply was ~$8.46 trillion, or 62% lower, at the end of the 2008 Financial Crisis. The US Dollar's purchasing power is in a perpetual bear market.

BREAKING: Prediction market Kalshi and xAI establish partnership to bring Grok to prediction markets. The integration of financial markets and AI is growing rapidly.

Ether ETFs' inflows are exploding: Spot Ether ETFs posted a net inflow of $533.9 million on Tuesday, the 4th largest on record. By comparison, an all-time high of $726.7 million was seen on July 16th. This marks a 13th consecutive daily inflow, the longest streak since their debut. During this time, investors poured ~$4.0 billion into these funds. As a result, the cumulative net inflow for all Ether ETFs combined has exceeded $8.3 billion. Investor appetite for Ethereum is historic.

Manufacturing employment is contracting: The ISM Manufacturing Employment index hit 46.8 points in May, marking its 4th consecutive monthly contraction. Manufacturing employment has contracted in 18 of the last 20 months. Such long negative streak has rarely ever occurred outside of recessions. As a result, manufacturing employment has declined by 82,000 jobs over the last year. US manufacturing jobs now reflect only 8% of total nonfarm payrolls, an all-time low. The manufacturing sector is struggling.

BREAKING: President Trump says he will NOT “destroy Elon Musk’s companies” and he wants “Elon… to thrive like never before.”

BREAKING: UnitedHealth stock, $UNH, falls over -5% as the company says it is facing a DOJ investigation over its Medicare billing practices.

BREAKING: Elon Musk says he is bringing back Vine, “but in AI form.”

Most people don’t realize how early we still are in the AI Revolution.