There's a third and most likely scenario in which the dollar implodes and Big Tech implodes at the same time.
That's what happened in March 2020 and the set-up now is identical. pic.twitter.com/Qg1JXXawVr
— Mac10 (@SuburbanDrone) August 1, 2023
A new risk that has emerged in the past month: If the Fed stops hiking rates while the rest of the world tightens, then the dollar implodes.
Bulls are ignoring carry trade risk:https://t.co/S8UCgmVS9H
"You have to be worried about some of these more crowded positions" pic.twitter.com/isRz6ufXeF— Mac10 (@SuburbanDrone) August 1, 2023
The top 10 stocks in the S&P 500 now account for a record 31% of the ENTIRE index.
Just 8 years ago, the top 10 stocks accounted for 17% of the index.
A few stocks continue to drive the entire market. pic.twitter.com/NDminLQ4Mp
— The Kobeissi Letter (@KobeissiLetter) August 1, 2023
"The economy is strong" https://t.co/kPOUVYstva
— Financelot (@FinanceLancelot) August 1, 2023