That is so lame... Inflation is fairly bad, all thanks to the war waged, only to circle back to a peace deal that looks to be an even bigger loss (holy 300 billion reparations??) Then everyone keeps flooding back into USD to capture the expected increase in interest rates that did not happen, yet there's no meltdown (and no, don't tell me that hiccup in equities is significant). Warsh is well and truly the president's lapdog, taking the cop-out of keeping rates steady.
Elon loves to spout crap to wow his fans, maybe he can hit the revenue of 1T, but he isn't telling you out loud that the losses are what everyone should be looking at. Buy buy buy, says the fans. Rocket! Starlink! Tech! Market dominance! But what about the loss makers, xai, twitter, whatever rubbish Mr. Moneybag will try to bring in, go further weigh your investments down. This is some massive and extremely wild delusion.
I called Japan, because they did well, very well in fact, to qualify for the world cup. Even taking down England, who were improving under Tuchel. After all everyone loves an underdog winning it all. It is nice that the 2nd game of the WC (Korea Czechia) was 10am Shanghai Time And no, no way I am investing with relation to football or world cup.
First day, people who overestimate will buy in, and it will shoot up, maybe to 160? But a couple of weeks in and it will take a nosedive and start the real climb upwards (or not... after all it's 3 children in a trench coat acting as a business man)
I would go for memory (dram) and space (nasa). Memory is a safe bet to avoid any mess, space will get a boost from spacex IPO. I don't trust energy and broad AI/ AI adjacent stuff to play the game by the rules.
Looks like it will not fall into bearish conditions though. But the biggest culprit for gold being sold likely is the expectations of rising interest rates in USA Just as stated, questions of fed independence makes this a funny proposition. Does Warsh do the correct thing to try and halt the impact of inflation, or does his spine liquefy and maintains (or decreases, as prez Trunp keeps asking for) interest rates [Surprised]
So Grok (the musk AI bot) has been shown to have poor usage rates by the US government, 3 out of 400 known examples of uses by the federal government. This will weigh down on expectations of the success of the AI part of spacex when it gets listed. Which further proves that AI as it is, is a gimmick and investors looking to pick up a piece of spacex have unrealistic views. The company will not succeed based on proper fundamentals and business dealings, but on the world's richest man having his hand in messing with world affairs, hoarding more wealth and being able to manipulate his stock prices. Spacex rockets being reusable has shook up the market, a huge win for the environment and a proof of concept that sustainability is a winning play, even on the biggest stage. But the company is sad
I think Walsh will might be bad news, I cannot believe that he will not concede when trump comes knocking, but I hope I am wrong. Let us see, but hopefully Powell staying on the board helps curtail some of the fallout
I think nvda being the leader of the herd will hold on the long term trend of climbing upwards. The slides now are just blips, the hype is too big and nvidia too well known to have any serious problems... that is until the AI bubble bursts