What do you guys think of this?

Thoughts???

JUST IN: Gold and silver prices dump following higher-than-expected inflation report, wiping out a combined $700,000,000,000.

Outside of fuel, the data was inline. Seems like this is an overreaction? The US 2yr treasury also popped on the news. I’d expect that to be back down by the week.

saw this research note from goldman's christian mueller-glissmann in ft today and it’s pretty wild.

almost 45% of s&p 500 stocks now have a negative beta. basically half the index is actively moving in the complete opposite direction of spy while headline numbers keep hitting aths.

the last time we saw a spike like this was literally at the peak of the dot-com bubble in 2000.

everyone is watching spy green days thinking the whole market is fine, but under the hood top 10 big tech are basically disguised as the entire economy while 200+ companies are slowly bleeding out.

feels like this divergence can’t go on forever. curious if anyone else is rebalancing into cash/equal-weight or just riding nvidia till it snaps?

CoreWeave owes about $35B and paid $640M in interest last quarter alone. Investors are now dumping that debt. Its 2032 bonds have crashed more than 23% since June 😳