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1. Three IPOs will be Bigger than All the Dot Com Bubble- Prof G

We’re looking at one of the biggest moments in financial markets in a really long time. Between the OpenAI, Anthropic, and SpaceX IPOs, we’re going to be inserting almost $4 trillion in value into the markets, while, at the same time, adding zero dollars in earnings because all of them are burning billions in cash. SpaceX lost $5 billion last year. OpenAI is expected to lose $14 billion this year.

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2. One-Year Returns…SMH (Semiconductors) +134% vs. IGV -10%(Software)

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3. 40% of Americans Earning 500k are Living Paycheck to Paycheck

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4. Military Long-Shot Polymarket Bets High % Winners

Dave Jones Jones Trading More than half of “long-shot” bets on military action made on Polymarket are successful, according to a new report that suggests prediction markets could pose a bigger threat than previously recognized to the security of sensitive information. FT reports that long-shot bets — defined as wagers of $2,500 or more at odds of 35% or less — on the platform had an average win rate of around 52% in markets on military and defense actions. That compares with a win rate of 25% across all politics-focused markets and just 14 per cent for all markets on the platform as a whole

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5. Trump Approval Rating

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6. Ukraine Shot Down 33,000 Russian Drones in March

By  HANNA ARHIROVA

KYIV, Ukraine (AP) — Ukraine used interceptor systems to shoot down more than 33,000 Russian drones of various types in March, a record monthly figure since Moscow launched its all-out invasion more than four years ago, Ukraine’s defense minister claimed.

Meanwhile, Ukraine’s domestically developed long-range attack drones struck a Russian oil refinery and terminal on the Black Sea for the third time in less than two weeks, prompting the evacuation of local people and a Russian warning of possible “environmental consequences.”

Ukraine has developed cutting-edge and battle-tested drone technology that has proved essential in holding back Russia’s bigger army and has drawn military interest from around the world.

Interceptor drones as part of a comprehensive air defense system are now being sought by Middle East and Gulf countries amid the Iran war, according to Ukrainian officials.

Ukraine is scaling up supplies of interceptor drones to thwart Russian aerial attacks, and its military has introduced a new command within the air force to boost the country’s capabilities, Defense Minister Mykhailo Fedorov said in a post on Telegram late Monday. https://apnews.com/article/russia-ukraine-war-drone-attacks-oil-06edbc9666fe0681fa0930affc475e9b

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7. South American Countries Lead in Gun Death Rate

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8-9. Friday Housing Update

Condo Price Drops

By Wolf Richter for WOLF STREET.  In 31 bigger markets, prices of mid-tier condos through March have dropped between -12% and -31% from their respective peaks. In five of them, prices dropped by over 20%. The 27 most salient of those markets are shown in charts below, plus the City of Chicago, though it doesn’t belong on this list, but like other cities, it has a condo market where prices are back where they’d been 20 years ago.

Bipolar Inventory U.S. Housing Market

How Much Money You Need to Buy Luxury Home in Each American State

NY Pied-à-Terre Tax Needs Significant Rates to Earn $500 Million

By Laura Nahmias

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10. America’s Best Non-Ivy Universities

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