….

1. High Volatility VIX History

…

2. Updated: Foreigners Own 33% of U.S. Treasury Market

…

3. International Stocks Outperforming for 2025 but Down in April…EFA Developed Markets -5% April

…

4. Casino Stocks -50% High To Low

…

5. Volatility of Largest Company in World, AAPL

Talk about a roller coaster. After peaking just after Christmas, shares of AAPL lost more than a third of their value in less than four months and have since recovered more than 23% when you consider this morning’s gains.  Volatility of this magnitude is notable when it occurs in just about any stock, but this is the largest company in the world we’re talking about. Are we really to believe that the company’s value has fluctuated by this magnitude in such a short period?

With today’s 5% rally in the pre-market, AAPL is on track for its second straight daily gain of over 4%. Since the iPod was launched in 2001, the only other time the stock had a higher number of consecutive 4%+ daily moves was in October 2008 when there were three in a row. The current streak of back-to-back gains, if it holds, would be the first such streak since coming out of the Financial Crisis, but before that, they were common as the market cap was much lower.

…

6. Due to Companies Like AAPL…The U.S. has a Trade Surplus with China in Services

…

7. 30-Year Mortgage Rate Flirting with 7% Again

…

8. Crypto Platform Kraken Rolls Out Stock Trading

Kraken unveils phased rollout for US stocks and ETF trading, shares plans for UK and European expansion.

Quick Take

• Kraken now supports equities trading on its digital asset exchange — powered by a brokerage deal with Alpaca.

• The firm teased the move in March after disclosing plans to acquire CFTC-regulated NinjaTrader for $1.5 billion.

Via The Block: San Francisco-based crypto exchange Kraken has added U.S. equities trading to its mobile and web platforms in a step forward for its offerings. The move will allow U.S. customers to manage crypto, stocks and Wall Street funds from a single account, similar to brokerages like Robinhood.

This expansion, executed in collaboration with licensed broker-dealer Alpaca, enables customers to trade over 11,000 U.S.-listed stocks and exchange-traded funds commission-free. More than half of the new offerings will include fractional investment, meaning buyers can purchase less than one whole share.

The program will initially be exclusive to select U.S. states with plans to expand nationwide as part of a phased rollout, according to an announcement on Monday. Additionally, Kraken has eyes on markets in the UK, Europe and Australia.

…

9.  600M Chinese Live on $140 a Month

…

10. Countries with the Most High-Net Worth Individuals

…

Did someone forward this email to you? Get your own:

Disclosure

Indices that may be included herein are unmanaged indices and one cannot directly invest in an index. Index returns do not reflect the impact of any management fees, transaction costs or expenses. The index information included herein is for illustrative purposes only.

Material for market review represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results.
Material compiled by Lansing Street Advisors is based on publicly available data at the time of compilation. Lansing Street Advisors makes no warranties or representation of any kind relating to the accuracy, completeness or timeliness of the data and shall not have liability for any damages of any kind relating to the use such data.

To the extent that content includes references to securities, those references do not constitute an offer or solicitation to buy, sell or hold such security as information is provided for educational purposes only. Articles should not be considered investment advice and the information contain within should not be relied upon in assessing whether or not to invest in any securities or asset classes mentioned. Articles have been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Securities discussed may not be suitable for all investors. Please keep in mind that a company’s past financial performance, including the performance of its share price, does not guarantee future results.

Lansing Street Advisors is a registered investment adviser with the State of Pennsylvania.