Current situation:
1. Stocks are falling like the top is in for big tech
2. Gold prices are falling like stocks are rising
3. Bonds are falling like we are heading for a soft landing
4. Oil prices are falling like we are heading for a recession
5. Natural gas prices are falling like there's no demand
6. Big tech stocks are falling like the AI hype is over
This is a sudden rush to the exit.
https://x.com/KobeissiLetter/status/1814354414741627065
The S&P 500 is now down 170 points from its recent all time highs.
Many large tech stocks are down over 20% from their highs seen just weeks ago.
Interest rate cuts may not be what the market wants after all.
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- Its Over
Its Over, page-22926
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