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• Micron (MU) earnings showed the company grew revenues 345% YoY with margins rising to 84.9% versus 39% one year ago with resulted in EPS to rise 1,214% YoY.
• Several areas that have been high flying in the past year like mega-caps, Bitcoin, and silver have come under pressure.
• New home sales were expected by economists to rise 3.2% MoM in May but fell 7.3% which takes them to the bottom of the range they’ve occupied for the past several years.

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