BREAKING: The S&P 500 officially posts its highest close on record, now up +18% since the March 30th low.
That's +$10.4 TRILLION in market cap in 6 weeks.
BREAKING: The S&P 500 closes at its highest level on record, now up +17.2% since the March 30th bottom.
That's +$10 TRILLION in market cap in 29 trading days.
BREAKING: The S&P 500 officially posts its highest close on record, now up +14.2% since the March 30th low.
That's +$8.1 TRILLION in market cap in 23 trading days.
@Polymarket Sick. I can't wait for #westvirginia to sell off whatever remaining natural beauty is left in the state to private enterprises that are going to bend over the citizens, gut the land, and skip town just like they always do. #countryroads#lithium
My favorite kind of trading comes in bloody markets because I love buying at discounts, not premiums. Bottom feeding is where you can make good money and actually keep it. Top blasting is where you can make good money but people forget to hit that sell button and give it all back
Have had a pretty bad read on the stock market this year. You know it's bad when the long term do nothing portfolio is beating the trading account. Sometimes you get a really good read and are dialed on the markets, other times it seems like it's working against you.
"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"
"you are 100% correct, dave"
jfc.
🚨 THIS HAS NEVER HAPPENED IN HISTORY.
We are in the middle of a war and the S&P 500 is about to hit a new all time high.
When the war started, the S&P 500 crashed 8.5%, wiping out $5.3 trillion from its market cap.
And now from the bottom on March 31, it is up almost 10%, adding $6.2 trillion back.
And the strangest thing is, the war is not over. Negotiations have failed.
The US blockade of Iranian ports is active. Oil is still at $93. Inflation just jumped to 3.3% in March, the highest in nearly two years, The Fed cannot cut rates.
Yet S&P 500 is just 1% away from a new All Time High.
BREAKING: Maryland is about to become the first state in the nation to ban the use of surveillance data and dynamic pricing at grocery stores.
The Maryland House has just passed the Protection from Predatory Pricing Act.
Governor Wes Moore plans to sign the bill.