The S&P 500 has been doing the same thing since 1920 and almost nobody frames it correctly.
A new technology arrives. Markets expand for roughly 25 years while that technology reshapes the economy. Then a short consolidation. Then the next technology arrives and does it again.
🔸Electronics: 24 years of expansion.
🔸PCs and internet: 25 years of expansion.
🔸AI and smartphones: we're in year 15.
Every single consolidation phase felt like the end of the world. Every single expansion phase felt "too extended" by year 10.
We've been in "too extended" territory for about 5 years now. The last two cycles ran for another decade after reaching this exact point.
@AltcoinDaily Powell out, Warsh in, the ‘Bitcoin = new gold for under 40s’ guy with SOL + Polymarket bags. Crypto Twitter eating good
Satoshi smiling rn 😂
The White House Correspondents’ Dinner shooter was armed with a shotgun, handgun, and multiple knives, according to DC police chief Jeffrey Carroll.
The shooter was identified as 31-year-old teacher Cole Allen from Torrance, California.
The suspect emerged from a "makeshift room" near the entrance, where "there was no security" near where bar carts were stored, according to the New York Post.
"He was in that room... he grabbed it out of a bag or something." The weapon "was long" and "didn’t look like a typical gun," a witness who was a volunteer at the event told the Post.
It is reportedly believed that Allen was a guest at the Hilton hotel where the dinner took place.