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I just learned that bears got "obliterated" this week:
https://t.co/tVgSVfrpg0
The most offensive part of this article isn't that hedge funds capitulated - that's a necessary and sufficient condition for a blow-off top.
The most offending part was the assertion that earnings grew 47% this past quarter.
Let me be 100% clear that Wall Street earnings predictions right now are 100% science fiction.
All of the risks that will IMPLODE the AI bubble are already known today:
Cybersecurity, circular financing, excessive credit issuance, excessive equity issuance, environmental pushback, political pushback.
Wall Street has conflated human history's largest asset bubble as permanent S&P 500 profits and sold it to retail zombies as a new all time high.
🚨 EVERYONE IS IGNORING THIS S&P 500 PATTERN
Every four years, August has delivered a major stock market shakeout.
1998 → -23.45%
2002 → -30.16%
2006 → -11.04%
2010 → -18.53%
2014 → -12.16%
2018 → -19.39%
2022 → -21.44%
2026 → -??.??%
Too many repeats to call it a coincidence.
For more than 30 years, the same pattern has kept showing up.
Now we're back in another August.
If history repeats one more time, I expect $SPX to revisit the $6,200-$6,300 area.
The market still looks strong.
That's usually when the biggest corrections begin.
Turn on notifications so you don't miss my next global market call.
HORMUZ DEAL COULD GIVE IRAN MORE CONTROL
A proposed Oman-mediated deal would give Iran greater control over ships entering the Strait of Hormuz, marking a major concession if approved, Reuters reported.
While Iranian officials say talks have made significant progress, regional sources caution key issues remain unresolved and reject claims that a deal is imminent.
The proposal could pave the way for renewed US-Iran negotiations, but Washington has long opposed any Iranian control over the vital shipping route.
Here is an election prediction:
In the weeks before an election that is a referendum on extreme greed versus socialism, the ultra wealthy are going to need a bailout.
Guess what’s going to happen:
The largest loss of wealth in history.
Because socialism is “bad”.
And biblical irony is good.
.
OIL SHOCK COMING - WAVE 3 ABOUT TO START
Crude Oil will likely bottom this week. Possibly today. Crude Oil is about to move into wave 3. This suggests that the U.S. could move forward with a massive attack on Iran very soon. As soon as this weekend or next week or the following weekend. I'll be talking about my alternative Crude OIl Elliott Wave count later in today's video.
#oil #Iranwar $USO $SPX $SPY $QQQ $NDX $OILK $DBO
S&P 500 ✨
Daily update: I will continue to update this majestic yet consequential pattern for my followers and for those whom it interests, as I see it as an extraordinary find equal to or surpassing that of Einstein's theory of relativity. Nevertheless, the rising wedge shown on the SPX is textbook playbook.
The same pattern was witnessed on the BTC chart at the top that's how I shorted its demise to perfection. Now we have reached the 5th touch. It's at a critical juncture, a point where decisions need to be made. If it gives way and follows my carefully engineered down arrow, it will be extremely wealth eroding for the unprepared.
For subscribers, a more in-depth market update across all sectors, as usual, is being worked on and will be out shortly.
Yours truly,
The Great Martis✨
God bless and god speed.
She's beautiful.
🚨 U.S. Treasury Secretary Scott Bessent Just WARNED The Fed: Expand the FIMA facility NOW or watch the yen collapse and drag U.S. Treasuries down with it.
Japan is bleeding. The U.S. already intervened once… and it failed. Bessent is telling the Fed: “Help prop up the yen with dollar loans or Japan starts dumping American debt.”
Now Bessent is publicly pushing the Fed to expand its FIMA repo facility so Japan can borrow massive dollars against its Treasuries, instead of selling them.
This isn’t cooperation. This is desperation.
What’s really going on:
Japan holds over a trillion in U.S. debt. Selling even part of it would spike yields and crush markets. So Bessent wants Fed liquidity to paper over the problem.
Extremely risky long-term, terrifying consequences:
• Erases Fed independence as the Treasury publicly pressures it to expand facilities for a foreign crisis.
• Signals the world’s second-biggest U.S. debt holder is in deep trouble. Markets will test how far this goes.
• Turns a temporary tool into a permanent backdoor bailout. The market will force ever-larger interventions.
• Risks accelerating a loss of confidence in both the yen and the dollar.
BoJ Banker Yuto had earlier warned about forced U.S. interventions and it did indeed happen.
He also warned that BoJ has discussed the worst case scenario that considers collapse of creditors trust on U.S. dollars but Washington will never let that happen.
The famous City of London banker @LordBelgrave had dropped this exact playbook at the start of the year, suggesting this crisis could very well be planned. He had also revealed that most of the financial crisis are engineered by central banks and IMF.
These backstops rarely stop the crisis, they just make the eventual reckoning far bigger.
🇮🇷🇺🇸⚡– Greek owned oil tanker Minoan Pioneer can be seen in Sentinel-2 satellite imagery, leaking oil in the strait of Hormuz.
The tanker was attempting to transit the strait of Hormuz under the protection of US Navy on the Omani side but was struck by Iran.
IRAN'S DEPUTY FOREIGN MINISTER SAYS U.S. RETURNING TO ITS COMMITMENTS IN ISLAMABAD MOU IS A CONDITION, BUT NOT ENOUGH FOR THE REOPENING OF HORMUZ
🇺🇸🇮🇷🇵🇰‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
BREAKING: Iran rejects reports that the Oman-Iran agreement is final, adding that even if it is finalized, the reopening of the Strait of Hormuz is separate and contingent on the US implementing the following commitments, a source close to the negotiating team tells Fars:
1. Lifting its naval blockade
2. Lifting sanctions on Iranian oil, petrochemical products and gas exports
3. Releasing all of Iran's blocked funds
4. Ending the war in Lebanon
5. Accepting Iran's right to collect maritime fees on every ship
Iran states that once the US implements these commitments, the Strait of Hormuz will open under full Iranian sovereign control.
Iran adds the US violated the original Islamabad MOU, disrupting the established traffic flow in the Strait through military attacks, a naval blockade, and preventing access to Iran's blocked funds.