Even if you call it a correction, it's still way too bad compared to the previous crash.
The warning signs for Neo-clouds don't seem like noise; they look serious since actual IPOs are being delayed and bond yields are rising.
Stock prices are also seeing a massive crash, which is rare to see in the US market.
(CoreWeave got hammered with a -30% drop over 6 trading days ㅡ.ㅡ)
I'm hoping it's not because of that, since the overnight futures rose..
But I just wish they'd stop these gap-down crashes... I'm not so sure about this "those who bought yesterday are the winners" sentiment.
Apparently, a BlackRock executive or chairman said that in their 50 years in the industry, they've never seen a time when capital was this scarce.
The hopes we had for this week,
Anthropic and TSMC, also failed to deliver..
I suspect next week will be rough too, but I guess it's all up to the Wall Street guys ㅠㅡㅠ
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