THIS IS ABSOLUTELY INSANE:
In the past 4 years, NVIDIA share prices have skyrocketed by 1,258%.
By comparison, Cisco in 1996-2000, before the Dot-Com bubble burst has rallied by a whopping 1,249%.
Current conditions are different but it is truly incredible anyway. pic.twitter.com/IOUfzPyTMG
— Global Markets Investor (@GlobalMktObserv) June 28, 2024
Last trading day of the first half.
Victory! pic.twitter.com/qciR1hclXm
— Mac10 (@SuburbanDrone) June 28, 2024
Watch credit spreads.
The spread between the weakest and strongest investment-grade credits bottomed nearly two months ago. Credit concerns are rising even as stocks hit record highs.
This is unusual and was last seen in late 2021. pic.twitter.com/IzxDig4iBr
— Jason Goepfert (@jasongoepfert) June 28, 2024
Wanna know why meme/cash-burning stocks are collapsing? Simple; the Fed's RRP account grew $133bn today, draining that amount of $$ out of mkts. So, banks don't have excess $s today to miniplate (oops I meant push) meme stocks higher. It's amazing what the US stock mkt is now. pic.twitter.com/WD4dSnFs5u
— Gordon Johnson (@GordonJohnson19) June 28, 2024
Here's my prediction for the second half of 2024:
Bad News:
AI stock meltdown.
Crypto meltdown.
Yen carry trade explosion.
EM currency crisis.
Resumed bank run.
Political gong show.
Central bank clusterfuck.Good News:
Low interest rates. pic.twitter.com/xZnQ5TJfTX— Mac10 (@SuburbanDrone) June 29, 2024
One more chart and then I'm shutting down.
Step 1: AI meltdown.
Game on. pic.twitter.com/LVMbBbD6bd
— Mac10 (@SuburbanDrone) June 29, 2024
Despite the BOJ being the ONLY global central bank tightening right now, the Yen reached the lowest level to the dollar since 1985. Almost 40 years.
This shows the $USD relative to Yen:
And the BOJ is expected to tighten again in July.
The bet is that this rocket ride… pic.twitter.com/u0Z8dTdwbi
— Mac10 (@SuburbanDrone) June 28, 2024
It's time for vacation. pic.twitter.com/EuuYILM0Kj
— Mac10 (@SuburbanDrone) June 28, 2024