What a wild week for the US stock market. Many market participants are so happy that a bounce has finally happened on Friday. Some even say that the selloff is over.
This selloff so far is just 10% correction for SPX but it is a much deeper correction for the Mag 7. In other words, the damage is done and majority of the retail investors who went 100% all-in focusing only on Mag 7 since October last year are now very unhappy. It is not that easy to get a market bottom on weekly basis until something change.
So what to expect next? Steve Miller has a nice analysis of the current market situation. His take is very different from many FURUs who believe a lot more trouble coming quickly. Here is one of those guys explaining his takes.
As usual financial people focus only on the financial aspects affecting them instead of paying attention to what matters most. What matters most going forward has nothing to do with the stock market at all.
With Musk digging through all these records, what comes next is massive prosecutions of billionaires, Democrat politicians, etc. who have been stealing from USA. At the same time, the disclosure of aliens will pick up speed leading to destabilization of many regions of the world that are deeply influenced by religion. To compound the problem even more, we have the yen carry trade unwind risk that can destroy all the financial markets at the same time.
There is really nothing much one can do in a chaotic world like this. Maybe, it is time to learn to find peace within ourselves. Here is another great podcast from Huberman with Dr. Richard Schwartz on his IFS therapy.
This weekend is rollover time so lots of works to get things done.
Have a great weekend all!
