Mr Market Coming Down

Aaaaaand the market is coming down.

The NASDAQ has reached 17,000 while flirting with ATH of 18,500 just a week ago.

NVDA was done 10% to $760 last night.

TSLA is at $147 last night too.

And this night just be the start.

Even after the war in the Middle East was deescalated.

War in Ukraine still ongoing. Hope Ukraine can find a way to win and soon.

Tensions in the Taiwan Straits rising. Hope nothing happens there.

But the real reason is this.

Markets are worried inflation is too sticky (I really told you so!).

That means we might NOT even have an interest rate cut this year, when stupid market was pricing in up to six cuts this year! How misaligned is that?!

USD Treasury debt is growing uncontrollably.

At this rate all industries relying on loans will struggle. The leveraged banks. Tech. IT. Property. REITs. BDCs.

Crypto is a conundrum. No one really knows what’s gonna happen after the halving. And that is happening tonight.

Gold is flying through the roof, hitting past $2,400 yesterday.

All I can say is to keep some powder dry and have some cash in hand to seize any good opportunities. It feels like volatility is coming back in quite a big way.

Good luck and stay safe!