Don’t be fooled by this Deepseek bullshit. That’s just a shiny object.
The real reason for the market pullback is the hot money borrowed in Japan, having to return home.
Once again the Yen carry trade causes chaos. The carry trade bros are HIGHLY levered so even 25 bps hike is like Mt Everest. Their borrowing costs just doubled. So they need to get the money out of the U.S., converted back to Yen and pay off the loans and lines.
All this hot money was in the Mag 7 and it’s going to get crushed today as the money comes out.
I’m not going to be surprised if gold and silver get hit too. That’s usually what happens when the margin call man comes knocking. However there is a possibility that commodities do relatively well. Including oil.
I love days like this because I’m always prepared for days like this. The days when the tide goes out and all the naked people are embarrassed.
But have no fear. In a couple of months or three the markets may be back at all time highs.
Good luck
Quick lesson from Seeking
Don’t underestimate the power of monetized dating. Hire slowly, pay well, don’t over extend yourself.
90% of the Seeking girls are all excited and ready to get cracked by YOU, if you are ready and willing to pay their price. 10-20% of these girls are going to be your “dream girl”. Solid 8s and 9s. Don’t be greedy thinking you will run out. There are tons of jucos and the population gets recycled and replenished every few weeks to few months. New faces, new body types, new solid 8s and 9s, all excited to get cracked by YOU.
I, personally, see new girls joining every 1-2 weeks. I can afford their price, but I just overflowed and I’m now going to have to cut off and disappoint a few girls. Not a fun process but I overextended myself and it must be done.
I’m going to keep my current two jucos (one just texted me good morning as I’m typing this), cut the other three off, and turn off my Seeking for a couple months.
Next time I get on Seeking, I’m going...