Bulls, when this explodes, don't tell anyone that you bet your life savings on the "Magnificent Seven" in an artificial intelligence bubble.
They'll treat you like Joe Biden for the rest of time. pic.twitter.com/zIUD5EAGHl
— Mac10 (@SuburbanDrone) July 12, 2024
Barron's today:
"Rate Cuts Look Imminent"https://t.co/sSVMrTbplY
"It was the Magnificent 7 that drove Thursday’s declines in the S&P 500 and Nasdaq—But most stocks in the S&P 500 had a great day"Bullish.
The chart of the week:
Begin countdown. pic.twitter.com/IsZwlq2pAJ— Mac10 (@SuburbanDrone) July 12, 2024
Yesterday, CPI was weaker than expected, the market imploded. Today, PPI was hotter than expected, market is rallying. All solely due to positioning that was too bullish yesterday and too bearish today.
Pundits contradict themselves every day.
What we've learned is that this… pic.twitter.com/sejNk7K8Un
— Mac10 (@SuburbanDrone) July 12, 2024
"Yesterday was a fascinating day for US equities…
Is this the start of a great rotation? Only a very brave, or perhaps foolish, person would have any confidence in such a statement, but it did remind me … of 2000…" Deutsche Bank's Raid says. pic.twitter.com/d6pIBD7rm7— Axel Merk (@AxelMerk) July 12, 2024
Meanwhile…
Bitcoin
Lots of nervous bulls out-there
Blaming the selling on Germany .
Lets see who they blame when it rug pulls to 10k pic.twitter.com/1rXH6Qsnpq
— The Great Martis (@great_martis) July 11, 2024
Views: 432