Source: CoinGecko.com As of 6:55AM June 24th

Top stories of the past week

1) Fisker has fallen: The previously crowned “Tesla-killer” has filed for bankruptcy after falling to secure financing and experiencing a train of production problems. At its peak it was worth almost $7 billion.

2) Nvidia unrivalled…briefly: Nvidia briefly took the spot at the most valuable company in the world the past week before falling back behind Microsoft and Apple.

3) Trump and Biden set to debate: Former President Donald Trump and President Joe Biden are set to face off in a highly anticipated presidential debate. The debate will be a crucial event both in the election race and in meme production.

Top WEIRD news this past week

1) A Florida family is suing NASA after a piece of space junk crashed through their roof. Why is it always Florida?

2) Parisians threatening to poo in the River Seine in a protest against chaos the upcoming Olympics has caused for the city.

3) A 7-year-old Mexican hairless and Chihuahua mix named Scooter has been crowned the world's ugliest dog. We can see why:

You like charts? Graphs? Of course you do

New housing starts in the United States over the past 30 years - a key gauge for economic strength.

Investment idea

Private credit - a form of lending where non-bank institutions provide loans directly to businesses, typically mid-sized companies. These loans are usually tailored to the borrower's specific needs and are not traded on public markets. Private credit can be an attractive investment for several reasons:

1. Higher yields: Private credit generally offers higher returns compared to traditional fixed-income investments due to the illiquidity premium and higher risk profile.

2. Floating interest rates: Many private credit loans have floating rates, which can benefit investors when interest rates rise.

3. Diversification: Private credit can help diversify an investment portfolio, as it often has a low correlation with public markets.

4. Downside protection: These loans often come with collateral and covenants, providing some protection for investors.

For retail investors looking to invest in private credit, there are a few options available:

1. Interval funds: These are a type of investment vehicle that can provide enhanced liquidity terms and lower investment minimums, making private credit more accessible to individual investors. Check Franklin BSP Private Credit Fund or PIMCO Flexible Credit Income Fund.

2. Business Development Companies (BDCs): Some BDCs are publicly traded and invest in private credit, allowing retail investors to gain exposure to this asset class. Take a look at Oaktree Specialty Lending Corp. or Monroe Capital Corp. 

3. Private credit mutual funds: Some asset management firms offer mutual funds that invest in private credit, providing a more liquid option for retail investors. BlackRock Private Credit Fund or Blackstone Private Credit Fund are two established options.

4. Exchange-Traded Funds (ETFs): There are ETFs that focus on private credit investments, offering a diversified exposure to the asset class. One option is Virtus Private Credit Strategy ETF.

It's important to note that while private credit can offer attractive returns, it also comes with risks such as illiquidity, credit risk, and potential for capital loss.

On this day…

…in 1812, Napoleon invaded Russia with the largest European military force ever assembled to that date. By December 8th of that year, Napoleon had lost 400,000 men.

Banger of the week

Meme? Nah. Art.