It looks like we’re heading back into a deflation and recession scenario, but this time, tech stocks won’t be the safe haven they once were, thanks to the overhype around AI.
In summary, the deflation/recession trade is coming back on in size. And this time it won't include Tech stocks.
The AI buffoonery made sure of that. pic.twitter.com/acvk1FmRg8
— Mac10 (@SuburbanDrone) June 4, 2024
Dow theory 🔖
update
Dow jones starting to buckle ,
Little more work needed, before it lets go .
Follow the process. pic.twitter.com/wPsA4Ljz8r
— The Great Martis (@great_martis) June 5, 2024
Which leaves us in a one stock market. pic.twitter.com/dcnTrsCDf8
— Mac10 (@SuburbanDrone) June 4, 2024
Cyclicals got demolished today, led down by precious metal stocks.
The Peter Schiff trade is going full Gamestop. pic.twitter.com/Pw5T3VHwc2
— Mac10 (@SuburbanDrone) June 4, 2024
VIX appears to be building towards a major move after OpEx on June 21 🧐 t.co/JX8sJrkXJP pic.twitter.com/zto1tkPRA3
— Financelot (@FinanceLancelot) June 5, 2024
This is what you call peak Nvidia. pic.twitter.com/KXRUzekER6
— Minsky Moment (@BP_Rising) June 4, 2024