Mainland Chinese investors are buying this dip in Chinese tech big time.
Gold is being vaulted in the US at record rates.
Bonds are rallying on GDP weakness
Big Story To Monitor
Media outlets will amplify the recent GDP prediction drop from 2.3% to -1.5%, signaling a contraction due to sharp government spending cuts—which is actually positive. Don’t fall into the fear. Embrace the dip as an opportunity, as it gives the Fed cover to cut rates once or twice more this year. This is why bonds have been rallying for the last two weeks.
Tesla at longterm support. Volume profile is the best indicator during large drawdowns.
Palantir at good support here. Use the DOD “expense cutting” news as opportunity. Palantir excels at making processes more efficient and cost effective.
