Markets: 

S&P 500 down 15% and Nasdaq 100 down 23% YTD. 

Housing Market: 

• Mortgage rates from 2.5 to 5.5%. $1m loan at 3% is $30,000 per year, Double that to get pre-tax earnings of $60,000. That means you need to be earning at least $60,000 more per year to cover mortgage interest on $1m loan. 

There is a silver lining to this market. Big downturns every decade or so make for the best 2-3 time opportunities in life to invest. 2022 is it. Fund your 529’s. Dollar cost average in.  

• Sept 2000: 1520 - 800 Oct 2002. 47%. 
• Oct 2007: 1565. 95% (doubled money in 5 years). 
• March 2009: 712. 54% down. 
• Jan 2022: 4800. 574%. Almost 6x. 13 years. 
• May 2022: 3900. 20% down. 

Tesla: 

• Elon Emails: 
• https://twitter.com/WholeMarsBlog/status/1532728341865943040
• Bloomberg: To be super clear! 
• 
• 
• “Pretend to Work somewhere else” - Elon Musk. 
• Reuters: Elon email to cut staff by 10%. Reuters. https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/
• Joe Biden Video
• 9000 Ton Giga-press for Cybertruck.
• Stock down 10% haha

Ford: In another headline: Ford to Create Thousands of Factory Jobs, Invest $3.7 Billion in EV, Gas-Engine Production

• The 3.7 multibillion-dollar investment will go to retooling factories to build newer versions of gas-engine models, such as the Ford Ranger pickup and Mustang sports car, the auto maker said Thursday. 
• 55,000 Union auto workers. 

In Closing; 

• NFLX Stranger Things viewing. 286m vs Briderton and MoneyHeist ~200m. 
• Johnny Depp $10m. 
• Hunter Biden. Texts