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
Wishing you a strong and meaningful Christmas season. I’m sincerely grateful for your loyalty, trust, and unwavering support—it does not go unnoticed. May this time bring well-earned rest, renewed focus, and the drive to take on the year ahead with confidence and purpose. Thank you for standing with me. Merry Christmas Coach Gang!
Gang,
I bought ChatGPT pro.
In a few hours I was able to use it and codex to be able to write repair orders using an API call.
Eventually I’ll be able to have my own custom booking and customer intake process that will shave hours of my time and have me less likely to miss bookings.
Fully automated, hands off AI secretary is the goal.
I can also cancel the $300/mo booking and CRM service because I’m making my own now. Paid for itself already.
FA4L
I’m still scratching my head at this one. Last month I checked my credit and then I was at 732. I got an alert and I’m thinking “what now.” I checked my credit about a minute ago and this is what I saw…..751. Thank you @CoachGregAdams for everything that you’ve done for all of us. Including creating the money mindset. @TheActualizedJW thank you for saying that 700 isn’t enough, and kept telling us to push further. And most importantly thank you @P1RAN4A8 for working with me closely. Money well spent. I look forward to the next steps.
