Amex scores big profit beat as cardholders keep growing their spending

BREAKING: US #Ethereum ETFs posted a record net inflow of $333 million on Friday.

This exceeds the previous record seen 2 weeks ago by ~$40 million.

Total November inflows amounted to $1.1 billion, also marking a new all-time high.

To put this into perspective, #Bitcoin ETFs…

This is a crisis:

Total US debt is now up ~$13 TRILLION since 2020 and at a record $36 TRILLION.

The US is projected to spend $3.8 billion PER DAY on interest expense in 2025.

Why is US government spending at crisis levels if we are on track for a "soft landing?"

(a thread)

This is incredible:

US to European equity valuations have risen to 3.6x in November, an all-time record.

This ratio has DOUBLED in 8 years.

To put this into perspective, the long-term average is 3 TIMES lower, at ~1.2x.

This comes as the US stock market has outperformed…

BREAKING: Total passenger volume at US airports jumped 33% year-over-year on Sunday, to a record 3.09 million.

This also surpassed the previous record of 3.01 million set on July 7th, according to the Transportation Security Administration.

By comparison, the pre-pandemic…