Massive Shorts on the Market, Jobs Report, Superhero’s Rule the Theater, and a special Prayer Request.

Hello C3 Family!

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Prayers for Gabrielle

The newsletter is coming a day early this week, because of a family emergency. C3 is a one man show by yours truly, and my sister is having brain
surgery Today and Wednesday to remove two tumors. Therefore, Tuesday is newsletter day instead of Wednesday. A bit of background…My sister went blind at the age of 4 because of tumors on her optic nerve. She received radiation at that tender age and this radiation has caused two more tumors on her brain. She is now 34 years old and doctors are shocked she has made it this far. If anyone is willing, please pray for God’s Will to be done in this very long and extensive
surgery. We hope for healing and hope even more for saint hood.

Stories of the Week

Hedge Funds Make Bearish Moves in the Market.

The Stock Market is seeing some gains as of late because of the debt ceiling crisis being avoided and the AI driven tech stocks pulling the market as a whole.
However, bearish bets on the market have not been this high since 2007 per the WSJ. A record $107 billion shorts have been placed on the S&P 500 by hedge funds. Investors seem to think this rally in the market will be short lived and we are still in a bear market overall. However, bigger players need to cover these short positions by investing into the market and this has fueled the current rally. It is all dictated by the powerful. Self-fulfilling prophecies.

CNBC Article

The economy gained 339,000 payroll jobs in May.

The Dow Jones only predicted the labor market would add 190,000 jobs, but this number was blown away by that 339,000 number. Many of the people who entered payroll
work in May were not people who found a job after being out of work, rather they were self-employed people that opted for the security of a traditional employer. This is why these numbers have not given a lot of confidence to our short betting hedge fund managers in the story above. Institutional investors think the labor markets growth is not going to rally the market for the long-term. Though, investors do think the interest rates will remain flat at a 3-1 clip.

Reuters Job Market Article

Quick Hitters

Yes, the debt ceiling crisis has been averted.
Chic-fil-a now has a diversity,
equity and inclusion division…yes, I am disappointed to say the least.
In just a couple of weeks Target has lost over $30 in its share price because of the anti-woke boycotts. Target put transgender swimsuits in their stores and partnered with “Satan respects Pronouns” brand.
A Utah school district has banned the bible from their school’s
libraries. A parent complained that the book is too vulgar and violent for children. Admittedly, the parent is probably right if we are talking about reading the story of Lot to 1st graders, but this is probably not the true motivation of the parent.
The second largest box office release ($120M) of the year goes to Spider-Man: Into the Spiderverse. Superhero movies are still dominant, and no challengers are around to take
their top spot.
The CCP has stopped pro-democracy protesters in Hong Kong that tried to give homage to the Tiananmen Square massacre of 1989. Hong Kong used to be the only city in China where remembrance of the event was allowed, but that is in the past.
Egg prices are dropping because supply is increasing, and demand has trickled because of
the massive prices hikes back in winter. Apparently, Hens lay more eggs in the spring and summer months.
It is cheaper to fly to Argentina from LA to see a Taylor Swift Concert then it is just to see it in LA. This is due to inflation being over 100% in the South American country. And we thought we had it bad.
Lululemon beat earnings
expectations and is the current darling of the market.
Daily Wires movie ‘What is a Woman’ has well over 170 million views on Twitter. Showing us that the normal everyday person is open to the idea that this whole transgender crap is crap.
Cryptos are currently stumbling and staggering because the SEC finally filed a
lawsuit against Binance.
A lot of the financial news we get can be pretty bleak…such is the world we live in, but at least we know our President is capable of handling anything…except walking…

Biden falls at Air Force Academy graduation ceremony

Christus Rex,

Marc Lozano, Christ Centered Capital

support@christcenteredcapital.com

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