BIG: 🇺🇸 The CLARITY Act fight just got RESOLVED.
Interest on stablecoins BANNED.
Rewards STILL ALLOWED.
The biggest crypto battle in Washington is almost over.
giving away one fomo mouse to whoever finds the funniest thesis on fomo
post a screenshot of the thesis on your X, and then link your tweet in comments. submissions open for next 24 hours 👀
🚨 THE STOCK MARKET IS FLASHING THE SAME WARNING SIGNS SEEN BEFORE EVERY MAJOR MODERN CRASH.
Almost every major warning sign is now flashing right now:
• Credit stress is rising.
• Valuations are near record highs.
• Inflation is climbing again.
• Bond yields are surging.
• A handful of AI stocks are carrying the market.
• Options speculation is exploding.
Yet stocks keep making new highs.
The real economy and the stock market are no longer moving together.
According to New York Fed data, roughly 4.8% of household debt is now delinquent, the highest level since before Covid.
Credit card stress remains elevated.
Auto loan delinquencies have now risen every year since 2021 and are approaching levels last seen around the 2008 period.
The pressure is hitting lower-income and younger consumers the hardest.
At the same time, the stock market is trading at some of the most expensive levels in history.
The Shiller P/E ratio is now above 40x.
That has only happened twice before:
• Dot-com bubble
• Today
The Buffett Indicator is now around 231%, meaning the total US stock market is worth more than twice the size of the US economy.
That is above most historical bubble levels.
Meanwhile, investors are accepting almost no income from stocks despite extreme valuations.
The S&P 500 dividend yield recently fell near record lows around 1.1%.
At the same time, 30-year US Treasury bonds are yielding nearly 5%.
Historically, this kind of gap appears when investors stop caring about valuation and focus only on momentum and future growth stories.
Inflation is also becoming a problem again.
Recent data shows:
• CPI near 3.8%
• PPI at 6%
• Core inflation still far above the Fed’s 2% target
That makes rate cuts much harder.
The structure of this rally is also becoming increasingly fragile.
A small group of AI-related mega caps is driving most of the gains.
At the same time:
• Short-dated call option buying
• Dealer gamma hedging
• Passive ETF inflows
are pushing prices even higher.
This creates a feedback loop where momentum itself becomes the main driver of the market.
Many analysts are now comparing the current setup to:
• Dot-com bubble
• Late-stage 2021 melt-up
• Other major speculative peaks
None of this guarantees an immediate crash.
But historically, periods with:
• Extreme valuations
• Rising consumer stress
• Sticky inflation
• High bond yields
• Narrow market leadership
• Speculative leverage
have usually ended with sharp market repricing once growth expectations start weakening.
MICHAEL BURRY: "THE STOCK MARKET IS 'MINUTES' AWAY FROM A 'BLOODY' CRASH."
Since 2023, Michael Burry has called for a stock market crash about 5 times.
Jan 31, 2023: Nasdaq up ~ 130%
Mid-Aug 2023: Nasdaq up ~ 93%.
Late 2025 : Nasdaq → up ~ 14%.
March 2026: Nasdaq → up ~ 18%.
May 8-11, 2026: Nasdaq → ???
Will he be right this time?
Exchanges are accumulating $TROLL
@binance just teased the Troll listing
It’s only a matter of time until we see it on Binance and every other tier 1 CEX