Good morning investors; I just wanted to thank you for reading this publication, and if you haven’t already, make sure to join 829 other readers to stay up to date on everything in the financial markets.

Today We’re Covering:

• The Debt Ceiling Deal

• Nvidia Stock Madness

• & Much More!

📺 What To Watch Out For

1/ The Debt Ceiling Deal “In Principle.”

After weeks of discussing the “Debt Ceiling Crisis,” a deal was finally made “in principle.”

What does “In Principle” even mean?

Basically, Biden & McCarthy have agreed on some details they both agree on, but that doesn’t mean it’s official. The deal STILL needs to be sent to Congress to be approved in order to take effect.

Here are the important details of the deal you should know about:

• The “Debt Ceiling” is rumored to run uncapped until Jan 1st, 2025

• Cuts spending by $50 billion

• $10 billion of new IRS funding taken back

• No budget caps after 2025

• Boost in defense spending

• Will resume student loan payments on July 31st

Take these bullet points with a grain of salt because none of this has been approved by Congress yet, so there are certain things subject to change.

2/ Nvidia Is In A League Of Its Own  

Nvidia is up ~40% in the last two weeks; a lot of this is thanks to the AI craze that everyone has been going crazy about.

Here are some stats you need to know:

• In ~6 months, $NVDA has gone up by +180%

• In ~6 months, $NVDA went from the 25th → 6th largest company in the world

• In one day, $NVDA added $184 billion in market cap… Which is more than Adobe & Nike’s entire market cap

With all those crazy numbers, analysts and investors still think Nvidia still has more room to keep rising.

Here are 3 MASSIVE announcements $NVDA made recently:

• Spectrum-X designed to "improve the performance of Ethernet-based AI clouds"

• Content engine using Nvidia’s AI technology to make high-quality commercials

• Building an “AI Supercomputer” to meet soaring AI demand

📊 Charts of the Day

1/ Rate Hikes Coming In June?

PCE inflation came in HOT for the first time since 2022, which means inflation isn’t going down as fast as expected. The FED may need to raise rates by another 25 bps in June.

2/ US Debt Visualized

Our current debt levels as of Monday (May 29th, 2023) @ 12:47pm CT.

🐦 Twitter Takeaways

The Math Doesn’t Add Up…

Current Debt Levels In The USA

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.