Turns out… we had no cards after all.
-> Indexes from $SPDR S&P 500(SPY.US) are down -5%-> Individual stocks from $Robinhood(HOOD.US) and $Reddit(RDDT.US) are down worse 40%+-> Rare earths supply chains needed for robotics or AI are a mess. -> We’re fighting with our allies from Canada and Europe that supply us with all the important materials for frontier supply chains (hint: America has no domestic refineries for many of these)-> Iran situation is now a mess-> Main beneficiaries are Oil companies and War contractors-> Russia is happy from Oil sanctions being lifted -> Hyperscalers are pouring all their reserves into AI capex, with China reaping all the benefits from distillation. (No KYC endpoints)-> Wealth gap keeps increasing, people living paycheck to paychecks, and mass layoffs are likely to happen as AI disrupts jobs. Then as a side quest, people in the family are enriching themselves through memecoin launches then selling the industry out to big banks. Can we at least secure our supply chains and frontier technologies first before we likely start a ground invasion of Iran?I’ll always be bullish on America but these are some of these dumbest series of decisions I’ve seen.WTF is even happening?Source: Serenity
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