📊 Markets This Month:

1. $META beats earnings expectations, stock down 10%

2. $TSLA misses earnings expectations, stock up 19%

3. Markets price-out 4 rate cuts, gold hits all time high

4. Gold hits all time high, bond prices hit 6-month low

5. Geopolitical tensions worsen, #Bitcoin prices crash

6. Mortgage rates rise, housing prices push higher

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📉 Facebook $META has now reported a cumulative Net Loss of $45.98 Billion in its Metaverse Reality Labs segment

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🚨🚨🚨 Dow Jones down 560+ points 📉

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📊 Current market mentality:

1. Economic data weaker than expected: Sell stocks, we are heading into a recession

2. Economic data stronger than expected: Sell stocks, inflation is on the rise

3. Economic data as expected, Sell stocks, higher for longer is back

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📈 Google stock, $GOOGL, soars over 12% after beating earnings expectations.

The company reported revenue of $93.5 billion and EPS of $$1.89. Google also declared a $0.20 dividend for the first time in history and issued a $70 billion stock buyback.

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📊 Market Cap Erased Since All Time High:

1. Apple, $AAPL: $400 billion
2. Nvidia, $NVDA: $330 billion
3. Tesla, $TSLA: $310 billion
4. Microsoft, $MSFT: $250 billion
5. Meta, $META: $220 billion
6. Amazon, $AMZN: $190 billion
7. Google, $GOOGL: $70 billion

Combined, the Magnificent 7 stocks have erased $1.8 TRILLION in market cap since their recent all time highs.

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💸 xAI is raising $6 billion at a valuation of $18 billion from investors including Sequoia, per the Bloomberg

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