The most resilient market in history… July 20, 2023 10:41 pm by Alex Yes, it's extraordinarily resilient — supported now still by a Fed balance sheet that exploded. Despite their claims that they were going to reduce it, the Fed has made no real progress in QT in making it smaller. https://t.co/FeodVcuiPB — David Sommers (@dgsommersmkts) July 20, 2023 See also History shows that railway booms ended in massive market panics, we are seeing the same pattern with AI infrastructure today.See also History often rhymes: AI bubble charts now line up with every major crash in history while real yields keep ripping