JUST IN: ๐ฎ๐ท Iran says the Strait of Hormuz is closed until "stability is restored."
๐บ๐ธ US says the Strait of Hormuz is open to all vessels.
๐จ MICHAEL BURRY SAYS THE BIGGEST DEMAND FOR US STOCKS JUST VANISHED.
US equity net issuance turned positive again, the first time since 2021.
Companies are now issuing more new shares than they're buying back.
For most of the last 20 years, buybacks were quietly shrinking the total supply of stock, pushing prices up on their own, regardless of earnings.
The last time this flipped positive was 2021, right before the 2022 crash.
Buybacks have been the largest source of demand for US stocks for two decades. That demand is now vanishing.
๐บ๐ธHUGE: WHITE HOUSE CONFIRMS U.S. IS FORMALLY STRUCTURING A STRATEGIC BITCOIN RESERVE
The White House confirmed the U.S. government is actively structuring its Strategic Bitcoin Reserve and digital asset stockpile in a major step toward formalizing its national crypto strategy.
The U.S. already holds 328,372 BTC worth roughly $25 BILLION, nearly 1.6% of Bitcoin's circulating supply, making it the largest known government holder of Bitcoin in the world.
๐จHUGE: FED TO INJECT $10 BILLION INTO THE ECONOMY THIS WEEK!
The Federal Reserve will conduct two Treasury bill purchase operations, injecting $3.3B on Tuesday and another $6.6B on Thursday.
๐จ NO ONE IS PREPARED FOR THE NEXT WEEK
3 major things will happen at once, and this is going to impact every investor.
Starting with the global stock market, JP Morgan expects $165B+ in equities selling over the next week.
This is for re-balancing, but the selling could be enough to nuke the markets.
After that, we have the US-Iran deal. which is nearly completion.
This is something that has been pushing the markets higher due to new announcement deals every week.
Once that happens, that leverage will go and could become a "Sell the News" event.
And then we have the real behemoth: USD/JPY
It's approaching a 40-year high, and "Yen Intervention" is only a matter of time.
This could bring intense selling across bonds, stocks, precious metals, and crypto.
So tighten your seatbelts, as volatility is about to kick in.
BREAKING: U.S. futures bounced higher and OIL erased all of its gains after Iran said "good progress" had been made on the release of Iranian assets and relief from oil sanctions.
- S&P 500 futures recovered +0.55% from lows
- Nasdaq futures recovered +0.45% from lows
- Russell 2000 recovered +0.7% from lows
- Oil is down -3%
- Gold is up +2% and silver +4%
- Bitcoin is up +2%.
๐ฉธCRASH: Gold and Silver are getting absolutely destroyed.
More than $2.5 TRILLION has been wiped out from precious metals in the last 24 hours.
Gold just erased nearly $1.7 TRILLION in value.
Silver crashed over 11% and lost almost $800 BILLION.
๐จ SPACEX HAS ERASED $490 BILLION IN VALUE IN JUST 48 HOURS
$SPCX is now down -20% from Tuesday's all-time high of $218 per share.
The stock's ultra-low float comes in question as BILLIONS of dollars worth of new shares expected to hit the market soon.