A chilling revelation strikes fear into investors as the S&P 500 succumbs to the stranglehold of the “Magnificent 7” stocks, dominating over 30% of its composition—a historic high. Jeremy Grantham of GMO warns of an “AI craze stoking a bubble within a bubble,” amplifying concerns of an imminent market collapse.
Behind the scenes, a sinister agenda unfolds: the Federal Reserve’s true target isn’t inflation but rather the preservation of a bloated stock bubble and bailouts for insolvent banks. This revelation exposes a nefarious scheme dating back to the pivotal election year of 2020, where the Fed’s actions prioritize market intervention over economic stability.
As panic grips the market, investors brace for the inevitable fallout of a system teetering on the brink of collapse. The once-mighty S&P 500 now stands as a monument to reckless speculation and regulatory neglect, poised to unravel under the weight of its own excess.
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Magnificent 7 stocks now account for more than 30% of the S&P 500 $SPX, this group's highest concentration in history pic.twitter.com/6yvpsMILot
— Barchart (@Barchart) April 2, 2024
AI craze stokes ‘bubble within a bubble,’ says GMO’s Jeremy Grantham per MW.
— unusual_whales (@unusual_whales) April 2, 2024
Because FED real target has never been inflation, in particular since 2020 (election year) but to rescue the #stocks bubble and insolvent banks no matter what
I wrote about this here, it was clear to a stone if someone dared to pay attention: t.co/3Y0JjrjuAS t.co/qRs5rY4dhs
— JustDario 🏊♂️ (@DarioCpx) April 2, 2024
The trucking market is soft right now.
Tender rejections are roughly in line with 2023 numbers (which represented all-time lows).
Since the Great Freight Recession started in 2022, whenever there is momentum in the market, it's short-lived.
Brutal market. pic.twitter.com/8PnnY08Ss0
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) April 2, 2024
Unpacking Consumer Confidence: Tackling Market Bubbles and Warning Signals with Eddy Gifford