Stocks fell today, from a greatly overbought condition. The denizens of the Street are defending tech in the NDX, because they wish to have a clear field for landing two massive IPOs later this month.
SpaceX is absurdly overvalued, but the rules that will compel index funds into forced buying have been distorted just for this final gasp of the AI bubble. This is a shocking betrayal of fiduciary and regulatory duty. Not only can they see what is coming, they are acting purposely to make it happen again for their own selfish gains.
Gold and silver were hit again and the Dollar ticked higher.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.