This is why the Dow could crash before the Nasdaq. Consumers are broke while giant tech companies are loaded with cash.

🇺🇸 US savings rate 3.9%

In Global Financial Crisis and Great Depression territory!

Chart: @AugurInfinity pic.twitter.com/RehJc1YLSR

— Alex Joosten (@joosteninvestor) May 4, 2025

Time it’d take them to run out of cash if they spent $1 million a day:

Berkshire
Hathaway: 951 years

Apple: 364 years

Alphabet: 261 years

Amazon: 259 years

Microsoft: 218 years

Meta: 192 years

— Jon Erlichman (@JonErlichman) May 3, 2025