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Misc Stock Market

tempo47 said:
What even caused the crash today? The fed chair announcement?
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I think so. I think the markets expected Trump to appoint a degen who would slice interest rates down to zero, and instead it's a fairly conventional pick. I imagine the reversal then caused a lot of longs leveraged to get wiped out. Insane to see this kind of volatility in precious metals!
 
superjames1992 said:
I think so. I think the markets expected Trump to appoint a degen who would slice interest rates down to zero, and instead it's a fairly conventional pick. I imagine the reversal then caused a lot of longs leveraged to get wiped out. Insane to see this kind of volatility in precious metals!
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Not sure if what i read what correct but 6 trillion was lost in market cap on gold and metal today apparently
 
It would be shocking to me if the Qs doesn't pullback to atleast $500 this year...and SPY $600. That would be a routine correction after a 3+ year bull market run. I think a bigger bear market is on the table but I am definitely biased bearish right now...which isn't easy when the market appears to only go up.

QQQ.png



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Here are the largest natural gas price drops in one trading day since 1990 (daily NG % price changes are typically heavily affected by changes in week 2-3 E US temperature anomaly forecasts from the prior trading day):

-25.7% 2/2/2026

-19.1% 3/18/2004

-17.5% 11/15/2018

-17.0% 6/30/2022

-16.7% 6/14/2022

Was yesterday’s 26% plunge way overdone in relation to progged demand drop? Of course it was! But that’s beside the point.


It’s currently up 4% for today in deadcat bounce fashion.
 
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