Important news disappear in the noise.
Beijing is executing a highly orchestrated financial balancing act. They are opening the valves to let domestic wealth diversify globally and rolling out the red carpet for foreign tech investments
Some levels. The firesale in $BTC may stop at $50K. Or at $30K or even $15K. Guds only know. Hard to say with these sentiment fuelled, otherwise worthless assets.
Big boys loaded up on $JPM after hours on Friday. Around 500K stocks. This bad boy wants to see $330.
Same with $DB - Deutche, $WFC and Santander - $SAN. Big blocks of the stock bought after hours.
Some levels. The firesale in $BTC may stop at $50K. Or at $30K or even $15K. Guds only know. Hard to say with these sentiment fuelled, otherwise worthless assets.
In 1999, internet growth was real, but Cisco stock still crashed 85%.
Why? Investors priced in decades of flawless growth (P/E > 100), while panic-ordering created artificial backlogs.
Are we seeing history repeat itself with AI today?
What happens to the GDP when 10-20% of the work force gets replaced with AI and automation? The introduction of AI is going to change the way we think of macro economics forever.