Stocks dumped hard today, after an overnight attempt to rally the futures.
They recovered a bit during the day. A record breaking IPO is due out later this week. The second chart below puts it in perspective.
They will try to defend the markets until they squeeze this one out.
The first chart shows the extreme concentration of wealth in the US, which is the direct results of crony capitalism and the corruption of the political process by big money.
Gold and silver were hit hard again.
Bitcoin failed in its attempt to recover its trading range.
Trump's 'peace deal' turns out again to be a false narrative for a Monday market pump and dump.
VIX is starting to wake up. It will have to wait for Mr. Musk's Wild Ride.
Best to remain cautious. This is hardly over. The consequences of recklessness and pride are still waiting to be delivered.
Have a pleasant evening.
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