"Annual interest payments are approaching a fifth of tax revenues"
"Year-to-date inflows into US mutual funds and ETFs are on the verge of turning negative"
"On a [day] like this, it is always important for investors to remember this chart"
"All 11 sectors of the S&P 500 are now trading above their 50-day moving averages — something we haven’t seen since October 14th, 2024"
"Gold has overtaken the euro as the world’s second most important reserve asset for central banks"
"The lack of re-risking suggests that professional investors remain structurally concerned"
