SMARTER IN 10

Americans Have $8.2 Trillion in Money Market Funds

May 22, 2026

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1. All Stock Market New Money Flowing to One Place-Tech Stocks… From March 30th Lows $20B into Tech Stocks vs. -$334m Rest of Stock Market

Sector ETF flows. Since the March 30th low in the S&P 500, Tech ETFs have seen over $20bn in cumulative inflows. The rest of the sectors have seen a combined outflow of $334m.

Todd Sohn - Strategas

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2. Stocks Wealth Now Exceeds Real Estate Wealth in U.S.

Kevin Gordon

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3. New Technology Creates Jobs…Internet was Massive Job Creator

Capital Group

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4. Who Owns SpaceX?

Pitchbook

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5. Physical Attacks Related to Crypto Theft

According to 2025 data from blockchain security company CertiK, cited by Bloomberg, the number of physical attacks related to crypto rose 75% last year to 72 verified incidents. The double dose of bad news for enthusiasts? One: that figure’s thought to be a serious underestimate, given the amount of crimes that go unreported and the ones that are dealt with privately (paid off), and two: according to an update earlier this month, 2026 is tracking to be even worse.

ChartR

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6. Bettin Up and Drinking Down

Betting Parlays is Giving Money Away-Kalshi Stats, from Howard Lindzon Letter

Howard Lindzon Letter

Drinking in 12th Grade Cut in Half…Being on Phone Replaces Drinking

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7. AI Mass Application Blast Out….Average Number of Applications Per Entry Level Job….Jumps from 100 to 300 in 4 Years

Bloomberg

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8. China and Russia Set Up Huge New Gas Pipeline

Reuters POWER OF SIBERIA 2 PIPELINE By Ryan Woo, Chen Aizhu and Liz Lee

During Putin's last visit in September 2025, Russia and China agreed to build the Power of Siberia 2 gas pipeline, but have yet to agree on pricing.

Energy supply shortages linked to ​conflict in Iran may back Russia's case for ​the pipeline as a long-term gas source. ⁠Beijing is expected, however, to stick to its diversification strategy by discussing supply deals with both Turkmenistan and Russia, said a Beijing-based industry expert.

China could agree a broad deal with Russia covering annual supply volumes and terms such as supply flexibility and seasonality, while leaving pricing open-ended, said the person, ​who declined to be named due to the sensitivity of the topic.

Price negotiations could take years.

Xi in 2014 announced a fourth pipeline linking Turkmenistan's ​giant Galkynysh gas field ⁠to northwest China, but the project has yet to be finalised due to pricing disputes and complexity involving Uzbekistan, Kyrgyzstan and Tajikistan, through which the pipeline transits.

Reuters

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9. How Hard to Play Pro Sport?

Andrew Petcash

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10. Our Champagne Socialists-WSJ

Old, failed ideas have a way of appealing to young, naive people.

Thanks to capitalism, we are living in unprecedented good times. Space launches. Weight-loss wonder pills. Happy-hour-friendly autonomous cars. AI bots that will meet our every imaginable need. A more peaceful Middle East on the horizon. A resurging middle class around the globe. But that’s nothing that a few commies—er, democratic socialists—couldn’t destroy in a generation.

Socialism adoration comes from brainwashing. A recent City Journal survey of 120 “prominent colleges and universities” showed that a grand total of zero schools required economics courses to graduate. Only 15% required some U.S. government or history classes, while half required diversity, equity and inclusion-like courses. Ugh. So bye to jobs, hello socialism.

We need to educate our youth with a full-throated defense of capitalism and free markets because for too many, the most intelligent thing they say coming out of college is, “It’s like, whatever.”

 

Warren Buffett Once Revealed the No. 1 Sign Someone Is Destined for Success

According to Buffett, people with this learnable skill may be the ones most likely to succeed.

EXPERT OPINION BY MARCEL SCHWANTES, INC. CONTRIBUTING EDITOR, EXECUTIVE COACH, SPEAKER, AND AUTHOR @MARCELSCHWANTES

 

Good communication skills are often perceived as confidence, charisma, or the ability to give dynamic presentations in front of a room full of people. Warren Buffett sees it differently.

For Buffett, communication determines whether your ideas stay trapped inside your head or actually influence people, build trust, and move organizations forward.

Here’s how he once explained it:

You’ve got to be able to communicate in life, and it’s enormously important. Schools, to some extent, underemphasize that. If you can’t communicate and talk to other people and get across your ideas, you’re giving up your potential.

That last sentence hits harder than most people realize.

Alexis Ohanian is Betting on Women's Sports as a Billion-Dollar Opportunity

You’re giving up your potential.

Buffett is saying that even if you’re highly intelligent, have a strong vision for your career or business, and an amazing work ethic, it won’t matter much if the people you come in contact with cannot clearly understand you.

The pattern that keeps showing up

I’ve spent years studying leadership behavior and coaching executives, and one pattern keeps emerging: The leaders who struggle most are rarely the least capable in the room. They’re often the least clear communicators in the room.

They overexplain. They ramble. They hide behind jargon. When faced with navigating conflict, they avoid hard conversations. When having to show up authentically to deliver bad news, they delegate it to avoid criticism. They assume people “should already know.” They talk at employees instead of with them. You get the picture.

Then they wonder why trust erodes and why peers and co-workers question their credibility.

I believe a major facet of effective communication, especially in leadership roles, is reducing confusion and ambiguity. That’s the real job of a strong communicator.

What the best communicators do

The best communicators make people feel safe, informed, and aligned. Their team members and colleagues know where they stand. They know why decisions are being made.

And in workplaces drowning in uncertainty and constant change, which is the current reality for many businesses, clarity has become a leadership advantage.

Also, we can’t forget that communication is a two-way street. One of the biggest misconceptions is that speaking matters more than listening. In reality, leaders who dominate conversations without truly listening usually miss the data sitting right in front of them.

Practicing emotional intelligence is also strongly linked to great communication. In fact, they are inseparable. For example, many executives unintentionally sabotage themselves by communicating under pressure with the wrong delivery, tone, or body language, rather than being fully present, responsive, and grounded. In meetings, they rush conversations or jump straight into fixing mode.

But leadership communication is different; it’s relational work. People remember how leaders make them feel during difficult conversations. Especially during uncertainty, layoffs, restructuring, conflict, or performance feedback.

If you want people to trust you as a leader, here’s some free advice: Stop trying to sound perfect and start trying to sound human.

Buffett is right. Schools underemphasize communication. But many workplaces do too.

We promote technically brilliant people into management roles without teaching them how to navigate conflict, deliver feedback, listen with empathy, or communicate vision in ways people can emotionally connect to.

Then we act surprised when teams disengage.

The good news is that communication is trainable. You can learn to ask better questions, listen without interrupting, and slow down before reacting emotionally.

You can learn to speak with clarity by simplifying your message. You can even learn to have difficult conversations without avoiding them.

And when you do any of that, something important happens. You start working and leading with newfound confidence, authenticity, and ownership. That’s when leadership multiplies.

Buffett understood that decades ago. The leaders who will stand out over the next decade will be the clearest, calmest, and most emotionally grounded communicators.

Like this article? Subscribe here for more related content and exclusive insights from executive coach and global speaker Marcel Schwantes.

 

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