1) S&P 500 is up 22% year-to-date and hit 47 all-time highs this year 2) Bitcoin, Nasdaq and Utilities are trading at record highs 3) Gold is up 34%, hit 41 all-time highs and is on track for the best performance in 45 YEARS 4) Silver skyrocketed 43% and is trading at levels not seen in 12 YEARS 5) Oil prices are crashing like a recession is coming 6) 71% of global central banks have cut rates this year, the highest share since the COVID CRISIS and more cuts are coming 7) US posted the 3rd largest BUDGET DEFICIT in its entire history of $1.83 TRILLION 8) US Federal Debt is at a record $35.8 TRILLION 9) The US economy lost 1 MILLION full-time jobs lost in a year 10) US job numbers were revised down by a MASSIVE 818,000 for the 12 months through March 2024, the most since the Great Financial Crisis 11) Americans stock exposure is 48%, in line with the Dot-Com Bubble levels 12) The share of US consumers expecting higher stock prices over the next 12 months hit 51.4%, the HIGHEST EVER 13) Americans’ executives selling stocks like crazy 14) US Big Tech market concentration is the largest since the Great Depression 15) US core CPI Inflation has been at or above 3% for 41 months 16) US has seen 512 LARGE bankruptcies in 2024, 2nd highest in 14 YEARS 17) Meanwhile, US GDP growth is around 3% 18) US stocks valuations are the second-highest since the 2000 Dot-Com Bubble peak What could possibly go wrong? submitted by /u/glira31 |