The attacks against me should be viewed through a political lens – this is their standard (despicable) playbook – but nothing will deter me from fighting for a good future and your right to free speech
Would be very reasonable with a $SILVER bounce here as it is now right at the 21.41 support level. Could break through now or later, but it would be very reasonable with a bounce.
And it is very oversold - just a flat, dead, horizontal line, after 16 (!) straight selling days.
Here is an update of the valuation differential between growth vs. value stocks.
Some folks are already calling for a structural bottom in equity markets.
Sure, maybe short-term oversold, but the unwinding of these valuation imbalances has a long way to go.
Masa Son's SoftBank is estimated to have lost about $18.6 billion on its public portfolio alone during the quarter. The Vision Fund unit lost about $10 billion: BBG
ARKK is a rank amateur compared to this guy
The latest NY Fed survey of inflation expectations shows a decline in the near term and slight tick higher over the longer term. While the moves aren't massive, they are meaningful. People don't think inflation is going to subside so quickly.
⛽️🔥Gasoline and diesel retail prices are hitting fresh record highs in the US (and several EU countries) this morning.
In the US, gasoline climbs to $4.404 per gallon (up 48% y-on-y), and diesel rises to $5.553 per gallon (up 78% y-on-y). #OOTT
Sadly, a bunch of people are about to get schooled on bursting bubbles because they did not learn the lessons of 2000 and 2008. If they were to read @hussmanjp they would understand why.