🔥 SPX (SP500) may fall on Monday! Be cautious with crypto longs.
Over the past 3 months, retail has rushed from gold and crypto into AI, chips, memory, etc. And now on X, they are hyping (as of today):
→ The peace deal between the US and Iran is falling apart.
→ Fed rate hikes in 2026 are now confirmed.
→ China, Japan, and Turkey are dumping US Treasury bonds.
Essentially, a drop in SPX = a drop in BTC. Not a 100% certainty, but there is risk and some logic to it. Stocks of all these companies that pulled SPX up are extremely overheated: NVDA, AMD, INTC, MU, DDOG, SMH, SOXX, TSLA, GOOGL, AMZN, SITM, WOLF, GFS.
What can I say, when SanDisk (SNDK) shares, remember memory cards, flash drives, etc., have risen +5000% over the last 315 days.
Some are expecting this situation in August, but one way or another, as I've said many times, I expect a correction of SPX (SP500) in the summer, which is already underway.
Then, in the fall, everything will rise!
Over the past 3 months, retail has rushed from gold and crypto into AI, chips, memory, etc. And now on X, they are hyping (as of today):
→ The peace deal between the US and Iran is falling apart.
→ Fed rate hikes in 2026 are now confirmed.
→ China, Japan, and Turkey are dumping US Treasury bonds.
Essentially, a drop in SPX = a drop in BTC. Not a 100% certainty, but there is risk and some logic to it. Stocks of all these companies that pulled SPX up are extremely overheated: NVDA, AMD, INTC, MU, DDOG, SMH, SOXX, TSLA, GOOGL, AMZN, SITM, WOLF, GFS.
What can I say, when SanDisk (SNDK) shares, remember memory cards, flash drives, etc., have risen +5000% over the last 315 days.
Some are expecting this situation in August, but one way or another, as I've said many times, I expect a correction of SPX (SP500) in the summer, which is already underway.
Then, in the fall, everything will rise!