Stocks & Crypto Slammed As NVDA Erases Post-Earnings Gains
• https://www.zerohedge.com, by Tyler DurdenWho could have seen that coming?
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Who could have seen that coming?
The Big Short Investor Who Predicted 2008 Says This Is Worse...
One major headline today is that Michael Burry, of The Big Short fame, is shuttering his fund, Scion Capital. In his letter calling it quits, he wrote: "Sometimes, we see bubbles. Sometimes, there is something to do about it. Sometimes, the only wi
The top 10 stocks in the S&P 500 account for 40% of the index's market cap. Since ChatGPT launched in November 2022, AI-related stocks have registered 75% of S&P 500 returns, 80% of earnings growth, and 90% of capital spending growth.
It's ugly out there. Futs are sharply lower on doubts about whether the Fed will cut interest rates again in December, as fear deepens about stretched AI valuations and the debt used to fund them.
"My estimation of value in securities is not now, and has not been for some time, in sync with the markets."
We'll begin with the famous quote from economist John Maynard Keynes: "The market can stay irrational longer than you can stay solvent."
The top 3 sources of liquidity in the market are bank reserves, reverse repo, and the Treasury General Account (TGA).
The global stock markets have transitioned from the edge of the abyss earlier this year to new select bull markets caused not by fundamentals, but an increase in money creation by the central banks.
...To Take Down Trump!
The world has become dangerously dependent on American stocks, writes the former IMF chief economist
Even if an AI program advises selling everything and walking away from the market for five years, how many of us would take this advice?
And not any puts, but very large puts (for Burry's AUM) - the notional equivalent value for the Palantir puts was a whopping $912 million (equivalent to 5mm shares), while his Nvidia Put was worth a notional equivalent $186 million.
I think I've identified the four horsemen of the next stock market apocalypse -- each one manageable in isolation, but collectively large enough to reshape a financial system priced for perfection.
Kimberly-Clark Suffers Biggest Loss Since 'Black Monday' After Unveiling $40 Billion Merger With Tylenol-Maker Kenvue
Meanwhile, usage of the Fed?s repo facility has picked up, suggesting that some participants may be growing tighter on cash.
Strategists warn that continued snags in private lending could ripple out as pension funds take steps to meet ongoing obligations.
As if Speaker Mike Johnson didn't already have enough headaches awaiting him when he eventually reconvenes the House, Congressman Chip Roy and a bipartisan group of representatives are promising to push hard for a vote on a bill...
Over $1 Trillion in margin debt...
The multi-step bottoming process could be slow due to several reasons, including liquidity constraints over the weekend and slow absorption of supply.
US equity futures initially tumbled for much of the overnight session on mounting market liquidity and regional bank concerns, but erased almost all losses just after 7am ET when US President Trump spoke to Fox and calmed fears of a trade war with Ch
The recent increase in gold prices in the United States and around the world has been driven by a confluence of economic, financial, and political factors.