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In the past 50 years, the US has created 241 companies worth over $10 billion, compared to just 14 in Europe. Additionally, EU worker productivity has dropped from 95% of US worker productivity in the 1990s to under 80% today. 1
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The government is ending penny production due to low demand and high costs—each penny now costs 3.69 cents to make. This move is expected to save $56 million a year. 2
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A 65-year-old man can now expect to live to 83, and a woman to nearly 86. There's a 46% chance one person in a 65-year-old couple will live to 95—meaning retirement savings need to last longer than many expect. 3
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Investors have poured $437 billion into US exchange-traded funds (ETFs) this year. If the trend continues, 2025 will be a record year. Notably, 30% of the new money went into active ETFs, even though they make up less than 10% of total ETF assets. 4
- WSJ- "The Tech Industry Is Huge—and Europe’s Share of It Is Very Small"
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Bloomberg - "The Stuff of Tyranny"
- Barrons- "Market Anxiety Is Running High. How to Secure Your Retirement Portfolio."
- WSJ - "Investors Pile Into ETFs at Record Pace Despite Market Turmoil"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
None scheduled, Memorial Day holiday
Tuesday:
Minneapolis Fed President Neel Kashkari speech in Tokyo, Durable-goods orders (Apr), Durable-goods minus transportation (Apr), S&P CoreLogic Case-Shiller home price index (20 cities) (Mar), Richmond Fed President Tom Barkin TV appearance, Consumer confidence (May), New York Fed President John Williams speech in Tokyo
Wednesday:
Minneapolis Fed President Neel Kashkari speech in Tokyo, Minutes of Fed's May FOMC meeting
Thursday:
Initial jobless claims (May), GDP (First revision) (Q1), Richmond Fed President Tom Barkin speech, Pending home sales (Apr), Chicago Fed President Austan Goolsbee speech, Fed Governor Adriana Kugler speech, San Francisco Fed President Mary Daly speech, Dallas Fed President Lorie Logan speech
Friday:
Personal income (Apr), Consumer spending (Apr), PCE index (Apr), PCE (year-over-year), Core PCE index (Apr), Core PCE (year-over-year), Advanced U.S. trade balance in goods (Apr), Advanced retail inventories (Apr), Advanced wholesale inventories (Apr), Chicago Business Barometer (PMI) (May), Consumer sentiment (final) (May), San Francisco Fed President Mary Daly speech
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