PawsAndProfits
06-06 21:13

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.

Finally, the sell off has started. I anticipated this will happen sooner or later. With such inflated valuations, some warranted and some not, they are bound to retrace at some point. However, I do think this is just the start of an avalanche. 

To add on, the most anticipated IPO of the year, SpaceX is releasing on 12 June. So I do anticipate there might be a wide market sell off and the money is going to be thrown into SpaceX. So strap in, lock tight, we are going to have a bumpy ride.[Observation]  

 

Market Crashes, Price in Rate Hikes? When to Start Picking up Chips?
US chip companies lost roughly $1.3 trillion in market cap in one day. The crash is essentially "crowded AI hardware trade + interest rate repricing + overstretched semiconductor expectations." Friday's non-farm payrolls delivered another blow: 172,000 new jobs added in May, clearly beating expectations, unemployment rate holding at 4.3%, hourly wages up 3.4%yoy. Rate-cut expectations back down. On top of this, the SpaceX IPO will siphon off hundreds of billions in liquidity. With this crash, will you panic and head for the exit, or treat it as a chance to get on board?
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