Trump vs. Musk: The Battle of the Billionaire Egos
In this month’s edition of “Why Is This News?”, we bring you a gem: Donald Trump and Elon Musk are feuding. It’s the kind of drama that makes you wonder if we accidentally merged politics, tech, and high school lunch tables.

Will it shake the markets? Probably not. But if attention-seeking were an asset class, it’d be up 40% YTD.

📈 May Market Recap: Stronger than most analysts expected

While headlines got weird, stocks had one of their best Mays in decades:

🟩 S&P 500: +6.15%

🟩 Nasdaq: +9.56%

🟩 Dow Jones: +3.94%

Investors were in a good mood thanks to:

✔️ Strong earnings from mega-cap tech
✔️ A little progress on trade deals
✔️ Soft inflation data
✔️ And everyone is ignoring a U.S. credit downgrade from Moody’s

🏘️ Housing Market: Hot and Cold

The housing market is still wearing two different shoes:

✔️ New home sales jumped nearly 11% in April, thanks to builders offering incentives and rate buydowns.

✔️ But existing home sales fell 0.5%, with year-over-year sales down 2%.

✔️ Why? High home prices and stubbornly high mortgage rates are keeping many buyers (and sellers) on the sidelines.

✔️ Median existing home price? $414,000.

In short: New homes are doing better, but the resale market is stuck in a weird “we’d sell, but where would we go?” loop.

🌍 World Markets Went Along for the Ride

Europe and Asia followed the U.S. rally:

🇩🇪 Germany: +6.67%

🇯🇵 Japan: +5.33%

🇲🇽 Mexico: +2.81%

🇨🇳 China: +5.29%

The global outlook is improving, and May marked the fifth straight positive month for international equities.

🔮 Coming Up in June: Apple + AI = ???

All eyes will be on Apple’s WWDC conference kicking off June 9. This annual developer event is basically Comic-Con for tech, and this year it’s expected to focus heavily on artificial intelligence.

✔️ Think Siri 2.0, smarter devices, and maybe a few stock-moving surprises.

✔️ It’s one of those events where one keynote line can shift billions.

📊 Quick Economic Hits

GDP: Slight dip (-0.2%) in Q1, but better than first estimated

Jobs: +177,000 in April, unemployment steady at 4.2%

Retail sales: Up 0.1% month over month

Durable goods: Down 6.3% in April, but better than expected

The Fed held rates steady and will meet again June 17–18. Don’t expect fireworks, but listen for hints.

🏕️ Just for Fun: Camping Stats You Didn’t Ask For

Did you know?

⛺️ $199/day is what the average camper spends

🐶 More people bring their dogs (53%) than their siblings (13%) camping

✨ 11% of campers go full glamp-mode

🧑‍💻 36% work while camping

💬 Quote of the Month

“If you don't like how things are, change it! You're not a tree.”
— Jim Rohn

Enjoy the start of summer—whether you're investing, camping, or just watching billionaires yell at each other online.