MASSIVE CRASH IN INDIAN MARKET.
โน7.34 trillion has been wiped out from the Indian stock market in the last 3 trading days as Oil crisis intensifies.
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๐ฎ๐ท๐บ๐ธ White House Advisor Hassett says Iran's economy is on the brink of "collapse."
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Michael Burry says todayโs market is starting to look a lot like the final stage of the 1999โ2000 dot-com bubble
According to Burry, the market has become completely obsessed with AI, while stocks increasingly ignore economic data and continue rising simply because they were already going up before.
He compared the current rally in the semiconductor index SOX to the tech mania before the 2000 crash. The index is already up more than 65% in 2026 alone, including a 10% jump in just one week.
Macro investor Paul Tudor Jones agrees that the AI boom resembles 1999, but believes the rally could continue for another 1โ2 years before a major correction hits.
His warning: if valuations keep expanding, the eventual sell-off could be โbreathtaking.โ
P.S. Michael Burryโs story inspired the movie โThe Big Short.โ
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๐บ๐ธ S&P 500 hit a new all time high and broke 7400 for the FIRST TIME IN HISTORY.
With Nasdaq also at a new all time high, US stock market added $270 Billion at opening.
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๐บ๐ธ๐ฎ๐ท President Trump told Fox News that he is considering renewing "Project Freedom," but this time with an expanded scope beyond just escorting vessels through the Strait of Hormuz.
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๐บ๐ธ President Trump to suspend federal gasoline tax.
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๐บ๐ธ๐จ๐ณ Elon Musk and Apple's Tim Cook to join President Trump on trip to China.
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๐ฎ๐ท Iran says its uranium enrichment is non-negotiable.
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OpenAI is being sued by the family of Tiru Chabba, one of two people killed in the April 2025 Florida State University mass shooting, alleging that ChatGPT actively guided the attacker.
The complaint says shooter Phoenix Ikner shared images of his firearms with ChatGPT, which then explained how to use them, told him the Glock had no safety, and noted that mass shootings draw more national attention "if children are involved."
ChatGPT also allegedly told Ikner that the FSU student union peaks between 11:30 a.m. and 1:30 p.m. โ and he opened fire at 11:57 a.m.
OpenAI says ChatGPT "is not responsible" and only provided publicly available information.
Florida AG James Uthmeier has launched a criminal investigation, saying, "If ChatGPT were a person, it would be facing charges for murder."
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๐บ๐ธ Coinbase CEO Brian Armstrong to address Republican senators on Wednesday.
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Brent crude futures rise approximately 3% to $104 per barrel.
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๐บ๐ธ President Trump still plans to audit Fort Knox to confirm its $700 billion gold reserve has not been stolen.
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๐บ๐ธ๐จ๐ณ President Trump and Xi Jinping are reportedly considering deal to allow China to invest $1 trillion to build factories in the United States.
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๐บ๐ธ US home sellers now outnumber buyers by 630,000 โ largest gap ever.
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๐ฎ๐ฉ Indonesia's rupiah falls to record low of 17,500 per US Dollar.
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๐ข Brent crude futures rise more than 2% to $106.38 per barrel, according to Reuters.
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๐ฎ๐ณ Foreign investorsโ exit from India at record high-FT.
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
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Saudi Aramco, the world's largest oil company, warns that fuel supplies are approaching a "critically low level".
According to Bloomberg, there are two weeks left before demand rationing for petroleum products begins.
The world is heading toward the most severe energy crisis in modern history, with a potential oil shortage caused by the war in Iran possibly triggering rationing within weeks.
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, says this is not a matter of months or quarters. He expects demand rationing to be more severe in the next couple of weeks than during COVID.
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โก๏ธ eBay rejects GameStopโs $56B takeover offer as โneither credible nor attractiveโ.
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