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JUST IN: 🇺🇸 President Trump says "FIFA numbers are far greater than any World Cup in history."
"This is a great tribute to the United States of America."
🚨 $7.5 TRILLION HAS BEEN WIPED OUT ACROSS GLOBAL MARKETS IN JUST ONE WEEK.
Last Sunday we said nobody was prepared for this week.
This is exactly what played out.
SPX fell -3.32%, wiping out $2.68 Trillion.
Nasdaq fell -4.28%, wiping out $1.7 Trillion.
Gold fell -6.23%, wiping out $1.9 Trillion.
Silver fell -16.82%, wiping out $600 Billion
KOSPI fell -12.8%, wiping out $640 Billion.
Nikkei fell -7.75%, wiping out $670 Billion.
China fell -4.08%, wiping out $700 Billion.
Crypto fell -10.4%, wiping out $210 Billion.
Oil prices actually fell this week, but stocks kept dumping anyway.
The market had already priced in most of the US-Iran developments before they happened, so falling oil didn't bring the relief everyone expected.
A second fear took over instead: the AI bubble.
SpaceX corrected hard, and OpenAI just pushed its IPO back to 2027.
The market is starting to question whether current AI valuations can actually hold.
On top of that, AI-driven price increases are pushing inflation higher, not lower.
That puts the Fed in a corner.
It can't turn dovish here; it may need to hike instead. A hike strengthens the dollar, and a stronger dollar pulls liquidity out of risk assets and into cash and bonds.
That rotation, out of risk and into safety, is the same process that's been driving this entire selloff, and it isn't over yet.
CZ JUST SURPASSED BILL GATES IN NET WORTH.
According to Forbes’ real-time rankings, CZ is now worth $107.7 billion, surpassing Bill Gates’ $105.9 billion.
Inspirational 🚀