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American workers are getting a smaller slice of the economic pie — and some people blame it on a decision made more than 50 years ago.
A Kobeissi Letter chart (1) based on Federal Reserve Bank (FRED) data (2) has been making the rounds online (3). It shows wages and salaries at roughly 43% of U.S. gross domestic income in the first quarter of 2026. Taken from a government data series going back to 1929, that share is nearly the lowest since the Great Depression began.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold

#wealth #moneywise #finance #kobeissi

The reaction to SK Hynix's (SKHY) capex guidance on Wednesday only highlights the stunning summer rout in semiconductor stocks.
Shares of the South Korean chip play tanked as the company said it expects its capital expenditures to surge 50% this year to at least $31 billion. The company is attempting to meet the strong demand for its memory chips, which are playing a key role in the AI boom.
Quick insight: The SK Hynix rout will unlikely do anything to reawaken animal spirits in the chips ***** e. All the stocks of the closely watched Philadelphia Semiconductor Index (^SOX) are now trading below their 50-day moving averages, the first such occurrence since April 2025, according to FactSet data.
The SOX has declined 18.9% so far in July, and is on track for its largest monthly loss since 2008.
"Chip stocks are becoming oversold," strategists at The Kobeissi Letter wrote in a note.

#wednesday

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Central banks are increasingly turning to gold as protection against financial crises, inflation and geopolitical risks, according to a World Gold Council survey highlighted Tuesday by market commentator, The Kobeissi Letter.
According to the survey of 69 central banks, 90% of respondents cited gold's performance during periods of crisis as a primary reason for holding on to the precious metal.
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The valuations on the world's largest companies — mostly tech names — look goofy if you zoom out and compare them to other ****** ets.
That's exactly what the team at the Kobeissi Letter did, offering up these stunning notes:
The top 10 US stocks now have a combined market cap of $25.3 trillion.
If the top 10 US stocks were a stock market, they would be the second-largest in the world, even exceeding China.
The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world's second biggest economy.

Big Tech is becoming hooked on debt to fuel its grandiose visions of AI dominance, a slight shift from years past, when aggressive investments were largely driven by internally generated cash.
The news: AI-related companies have issued about $140 billion in investment-grade bonds year to date, accounting for 49% of the total investment-grade issuance, according to new ***** ysis from the Kobeissi Letter.
In high-yield corporate bonds, AI-related companies have accounted for 38% of total issuance, or roughly $21 billion year to date.
The most headline-making debt raise of the year has been out of Alphabet (GOOG, GOOGL).
Alphabet became the first tech company in decades to issue a 100-year bond. In total, Alphabet raised $31.51 billion in February across its global bond offering, tapping sterling and Swiss franc markets alongside US dollar issuance.

[LIVE] Bitcoin Price Watch: September PCE Inflation Hits 2.8% as Expected—Will F...

According to The Kobeissi Letter, the S&P 500 surges +0.5% as Core PCE inflation unexpectedly falls to 2.8%, now just 30 points away from a new record high.
The Letter noted: "The S&P 500 has now added +$3.3 TRILLION since the November 21st low. Those who ignored the noise are winning. **** et owners are winning."
Core PCE came in at 2.8% versus 2.9% expected, with the softer-than-expected reading fueling risk **** et gains as December Fed rate cut odds hold at 88.8%.

https://cryptonews.com/new...

Bitcoin's 30-day correlation with the Nasdaq 100 Index has surged to its highest level in 3 years. Meanwhile, its link to traditional safe-haven **** ets, such as gold, has dropped to nearly zero.
This significant shift raises questions about Bitcoin's digital gold narrative as it now acts more like a high-beta technology **** et than a stable store of value.
In a recent post on X (formerly Twitter), The Kobeissi Letter highlighted that the cryptocurrency’s 30-day correlation with the Nasdaq 100 Index has reached roughly 0.80. This was the highest reading since 2022 and the second-strongest