🚨 BREAKING. Wall Street lost nearly 1 trillion dollars today
This morning we dropped a reel stating that the crypto dip wasn’t due to Powell or the Clarity Act. It was Japan + 30-year bonds + gold all dropping together = global deleveraging.
Three hours later, the US stock market confirms it.
▸ Dow -0.76% · S&P 500 -0.88% · Nasdaq -1.27%
▸ Approximately 1 trillion dollars in market cap evaporated
▸ Intel -7%, Nvidia, AMD, and Micron trading lower
▸ Brent crude spiked to 109 dollars per barrel
▸ 10Y treasury yield climbed 9 basis points to 4.55%, the highest this year
▸ Gold also hit hard, along with precious metals
Why did everything drop?
The Trump-Xi meeting on the Iran war ended without any diplomatic resolution. Oil push sustained by fear of the Strait of Hormuz. More inflation-from-war. More pressure on rates. And the global yen carry trade remains uncompressed.
What does this mean for you?
It's not just crypto suffering. It's widespread risk-off. Stocks, physical gold, and long bonds are all falling at the same time. The only asset being bought is cash dollars.
The next key data point: Bank of Japan meeting in June. If they surprise with rate hikes, last August's playbook repeats. Bitcoin down -30% in days, stocks swept away, dollar strengthening.
This morning we dropped a reel stating that the crypto dip wasn’t due to Powell or the Clarity Act. It was Japan + 30-year bonds + gold all dropping together = global deleveraging.
Three hours later, the US stock market confirms it.
▸ Dow -0.76% · S&P 500 -0.88% · Nasdaq -1.27%
▸ Approximately 1 trillion dollars in market cap evaporated
▸ Intel -7%, Nvidia, AMD, and Micron trading lower
▸ Brent crude spiked to 109 dollars per barrel
▸ 10Y treasury yield climbed 9 basis points to 4.55%, the highest this year
▸ Gold also hit hard, along with precious metals
Why did everything drop?
The Trump-Xi meeting on the Iran war ended without any diplomatic resolution. Oil push sustained by fear of the Strait of Hormuz. More inflation-from-war. More pressure on rates. And the global yen carry trade remains uncompressed.
What does this mean for you?
It's not just crypto suffering. It's widespread risk-off. Stocks, physical gold, and long bonds are all falling at the same time. The only asset being bought is cash dollars.
The next key data point: Bank of Japan meeting in June. If they surprise with rate hikes, last August's playbook repeats. Bitcoin down -30% in days, stocks swept away, dollar strengthening.