Volatile times ahead!
Some quick update. Inflation somewhat down in USA, but still too high. NYC landlord sold off office building at 67% discount. Apple had a 110 billion USD buyback on stocks. European stocks downgraded by Citigroup. Bonds are up. Unemployment a bit up in USA. Europe in financial crisis. Lots of profitwarning. Lots of bad earnings, except for the big technology companies. Property crisis in Canada. High inflation in Australia. High inflation and bad IFO index in Germany. Catastrophic industrial production in Europe. USA with trillions of dollars in debt. Hedgefunds and Berkshire Hathaway dumping stocks. Inflation is rising in China. ECB is regretting the june ratecut. Nancy Pelosy (the insider queen) bought Nvidia. Trump got shot, and is gaining popularity. Trump said Taiwan should pay the US for supplying the island for defense. Trump elected himself as the crypto president. The market has priced in a 100% guarantee for ratecut in september. Crowdstrike update lead to Tech problems on Microsoft computers for companies all around the world. And a whole lot of AI news.
If it weren’t for the AI bubble, it would be easy to say where the market should go. What’s good is that more and more people are hearing about a possible correction. Nasdaq went down 1500 points in three days. And both the market and Nvidia have dropped a lot. All we need is a black swan event…
Biden is dropping out of the presidential race!
This could start a small correction. I thought we would need to wait till the election. I don’t know. I am almost 100% sure Donald Trump will be USA’s next president. And if he is being elected, the market will drop. He said he will tarriff most imported good, which will drive up inlation, and rates will be higher for longer.
If you want to check out this awesome youtube channel which has statistical argument to why the market should drop, type in this link:
Best Regards
CEO J.E.V
