SpaceX $SPCX needs to grow 600x over the next decade to justify its $1.75 Trillion IPO Valuation 🚨 No company has ever come close in the history of capitalism 🤯
#SENTIMENT CAPITULATION
The Gold Miners Bullish Percent Index just hit 7.69. March was the only other time we saw a reading this washed out, and that marked a major sentiment reset in the miners. In simple English, most people have given up again. This is exactly what full capitulation feels like. Weak hands get forced out, sentiment gets cleansed, and the sector starts setting up for the next turn higher. These are never comfortable spots in real time, but historically this is the kind of panic zone where the best opportunities begin to form. @WSBGold
$MSTR paid an average of $75,699 for its 843,706 bitcoin. At ~$61,300 it is worth about $51.7B against a $63.9B cost, roughly $12.2B underwater. It's a mark, not a realized loss, and it swings ~$0.8B per $1,000 move in BTC. But the company that built its whole identity on "never selling" did sell 32 coins last week, into this.
Gold is sitting right at its 200-day moving average.
Yes, the last time we were here turned out to be a great buying opportunity…. but I try not to get too fixated on technical levels alone.
What stands out to me is how dramatically sentiment has shifted.
Just a few months ago, gold was one of the market’s favorite trades.
Today, it feels almost completely forgotten.
Not to steal from Buffett, but I'm starting to get greedy while others are becoming fearful.
https://t.co/P4sfxoqBM9
Poilievre makes the BEST point here
If Donald Trump is to blame for Canada being in a recession
WHY is no other country in a recession?
WHY is MEXICO not in a recession??