Hot economy news + cooling AI excitement + some technical/forced selling amplifying it. Markets often pull back after big runs, and this fits that pattern. No signs of a full crash starting, just a sharp one-day reaction.
Winners now are the picks-&-shovels of the AI boom: chip makers, power providers, and data center giants. Like the late 90 internet boom but w/ real money & strong demand. Massive spending & shortages suggest it can keep going, though fast-rising valuations have many nervous.
For immediate attention:
The ceasefire between Iran and the US is unequivocally a ceasefire on all fronts, including in Lebanon.
Its violation on one front is a violation of the ceasefire on all fronts.
The US and Israel are responsible for the consequences of any violation.
Focus on fundamentals: real company profits and business health over daily stock swings. Stocks can keep rising if firms crush earnings. Valuations aren't as crazy as the 1999 tech bubble. Watch interest rates—high bond yields compete with stocks and may slow markets.
Pam Bondi has now admitted she was never truly in charge of the Epstein files and was merely a puppet while Todd Blanche ran the entire operation behind the scenes.
Blanche is accused of helping bury the names of Epstein’s most powerful associates tied to the child trafficking network.
Blanche has publicly claimed that Epstein had no clients, that Pizzagate is not real, and that Israel was not involved.
“Acting AG Todd Blanche was managing the entire investigation.”
News headlines and political tweets can be misleading or overhyped.
But the actual amount of oil (or any commodity) in the world doesn’t lie. If there’s too much oil, prices usually go down. If there’s not enough, prices go up — no matter what someone tweets.
Most asymmetric oil trade since the COVID lows of April 2020??? Total and complete market apathy while both Exxon and Chevron say we are IMMINENTLY facing an oil price spike/shock.
TRUMP SUPPORTER: “I think bombing Iran is absolutely in the American people’s interest...”
GREENWALD: “You seem like a young guy to me. Have you ever thought about going and fighting in this war that you’re cheering on?”