I don't know who needs to hear this but the market has NOT topped yet
IPO's will flood the market over the next 3 months before the HORRIFIC weakness comes from September onwards leading into the Mid-Terms
🚨 FACT: NEW FED CHAIR = MARKET DUMP
Look at this closely.
Every time a new Fed Chair took over, the market entered a major drawdown:
Yellen: market dumps.
Powell: same story, twice.
This has happened 3 times in a row.
Kevin Warsh is the name everyone is watching.
And almost nobody is pricing this in.
2014 → 2018 → 2022 → 2026
If history repeats again, the next dump won’t be random.
It will be exactly what the chart already warned about.
I’ve been in finance for more than 15 years.
When I EXIT the markets completely, I’ll say it here publicly, like I always do.
Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.
🚨 THIS IS NOT NORMAL
SpaceX, OpenAI, and Anthropic are preparing to go public.
All at once.
To absorb these giants, the market will need to find $200 BILLION in fresh liquidity.
This is a brutal stress test for global investors.
To buy into these IPOs, big funds need a lot of cash.
They will ruthlessly cut overextended tech.
First in line: NVIDIA, Microsoft, and Google.
But these companies hold up the entire S&P 500.
If they start to fall, the index will follow.
We saw this before during the COVID bubble.
Dozens of tech companies (Rivian, Coinbase, Robinhood) hit the market at crazy high prices.
When the Fed hiked rates and liquidity dried up, these stocks crashed 80%.
The AI and tech sectors are already running on fumes.
Add a $200B drain, and you get a systemic flush.
Get positioned before this massive rotation begins.
As a reminder, I’ve called every major market turn for the last 10 years, including the $111K BTC peak in October.
Turn on notifications. I will guide you through this liquidity squeeze, and when the real bottom finally forms, I’ll call it here publicly.
$TSLA trading at a 357 PE ratio
Memory stocks up 700% in a year
Semis hitting all time highs weekly
S&P up 6% YTD
$TSLA down 13%
Deliveries fell 9% last year. Revenue declined for the first time ever. Energy storage revenue dropped 12% last quarter
But the bull case is a robotaxi service that has not generated revenue and a humanoid robot that has not generated revenue and an AI narrative that has not generated revenue
Three imaginary businesses holding up a $1.5 trillion valuation while the actual car business shrinks
47 analysts have an average target of $413. The stock is at $389. That is 6% upside on a best case consensus
Meanwhile insiders are net selling across 32 recent transactions
When the people running the company are selling and the people buying are citing a robot that does not exist yet
That is not conviction. That is fan fiction with a brokerage account
Zoom out or stay poor
NOVO NORDISK $NVO Q1’26 EARNINGS HIGHLIGHTS
🔹 Net Sales: $15.2B (Est. $11.2B) 🟢; +32% at CER
🔹 Gross Margin: 85.9% (Est. 81.3%) 🟢
🔹 Oper Profit: $9.4B (Est. $5.0B) 🟢; +65% at CER
Raised FY26 Guide:
🔹 Adj Sales: -4% to -12% at CER; prior -5% to -13% 🟢
🔹 Adj Operating Profit Growth: -4% to -12% at CER
Segments:
🔹 Ozempic: $4.4B (Est. $4.1B) 🟢
🔹 Obesity Care Sales: $3.3B (Est. $3.0B) 🟢; +22% at CER
🔹 Wegovy Pill sales: $354M (Est. $182M) 🟢
Other Metrics:
🔹 Adj Net Sales: $11.0B; -4% at CER
🔹 Adj Operating Profit: $5.2B; -6% at CER
🔹 Wegovy Pill Q1 Prescriptions: Around 1.3M
🔹 Wegovy Pill Total Prescriptions Since Launch: More than 2M
🔹 Wegovy Pill Weekly Prescriptions: Exceeded 200,000 for week ending April 17
🔹 Wegovy Pill Users: More than 1M patients since January launch
🔹 Wegovy HD: Approved by FDA in March and launched in US on April 7
🔹 Wegovy HD STEP UP Trial: 20.7% mean weight loss
🔹 Awiqli: Approved by FDA as first-ever once-weekly basal insulin for type 2 diabetes
🔹 Etavopivat: Met both co-primary endpoints in HIBISCUS phase 3 trial
Financials:
🔹 Reported Operating Profit: $9.4B; +65% at CER
🔹 Adjusted Operating Profit: $5.2B; -6% at CER
🔹 340B Provision Reversal: $4.2B non-recurring impact
Commentary:
🔸 “Wegovy® is driving a strong start to 2026 for Novo Nordisk, led by the rapid adoption of Wegovy® pill - the most efficacious GLP-1 tablet now used by more than one million patients since its January launch.”
🔸 “As the global momentum behind peptide-based therapies accelerates, Wegovy® pill is defining a novel category as the only oral peptide for the treatment of obesity, setting a new benchmark for what patients and physicians can expect.”
🔸 “The strong Wegovy® performance, combined with continued growth in International Operations, has led us to raise our 2026 guidance for both adjusted sales and adjusted operating profit.”
🔸 “During the quarter, we also secured multiple approvals for Wegovy® HD, strengthening the Wegovy® portfolio, and enabling patients to achieve nearly 21% weight loss.”
$TSLA Another Tesla Cybercab production leader has left the company. Mark Lupkey, who oversaw Cybercab assembly and end-of-line ramp at Giga Texas, has departed after nearly 8Yrs at Tesla across two stints. He is now the 3rd senior leader tied to Cybercab to leave in just over a month.
Trump has been aggressively bombing Iran: no deal
Trump has been verbally aggressive again about coming to the table or else: no deal
Trump is losing the market: no deal
Iran is doing what China did during the Tariff fiasco
Letting the US market pressurise Trump
And if history repeats itself and we know it does
He will need to walk everything back
Someone else needs to take control of negotiations here because Trump is not the guy
You can't make this up:
Iran's trading advice to US investors actually worked.
At 4:12 PM ET on Sunday, Iran's Speaker of the Parliament said pre-market news is a "reverse indicator" and if they "dump" the market, then "go long."
At 6:00 PM ET, S&P 500 futures opened nearly -1% lower and fell just 30 points away from correction territory.
By 11:00 PM ET, S&P 500 futures had reversed all losses and turned green.
Then, at 7:25 AM ET today, President Trump posted that "great progress" is being made on Iran peace talks.
Now, the S&P 500 is trading +100 points above its low seen just hours ago, adding +$900 billion in market cap.
We are in the most unusual times in market history.
You are also not alone in this market right now
Superinvestors got this wrong too
The Street were shouting about this being the start of a Bull Market in Sept
Online Furu's were telling you to follow their Flow
Every position is under pressure now
Pull backs are not an issue if they have strong fundamentals but you MUST have Cash and stable positions to take advantage of great companies on sale.
Going all in, having no Cash, having no strategy, following the wrong people is now a lesson
Everyone goes through this at some point and those that learn come out stronger