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BREAKING >>> The Dow Jones just hit an 8-day losing streak
The longest since 2018 $DIA
To put things into perspective:
Chip specialist Broadcom has added $324bn to its market value in just 2 days—exceeding the entire market value of Germany's largest company, SAP, which is worth $310bn. Source: HolgerZ, Bloomberg
This is crazy: 11 consecutive days of more decliners than advancers in the S&P500.
First time since Sept 11, 2001 Source: zerohedge
BREAKING 🚨: Japan
Japanese Stocks $EWJ formed a Death Cross for the first time since December 2021 ☠️ The last one saw stocks enter a bear market with a plunge of more than 30%. Source: Barchart
WEB 3.0 QUANTUM COMPUTING COMPANIES (4) are together less than 15B marketcap.
NB: These are not investment recommendations.
Historical asset bubble summary from BofA, including the current Mag7 frothiness.
”History shows only central banks end melt-ups”… Source: BofA, Wasteland Capital
THE ISSUE WITH US HOUSING AFFORDABILITY IN ONE CHART...
Annual income needed to buy a house in the US hit a whopping $109,564, an all-time high. This has DOUBLED in just 4 years... At the same time, median income earned is just $83,431. The difference between the two has NEVER been greater. Source: Global Markets Investor
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