$550 billion has been wiped out from US stocks in the last 45 minutes.
Reasons:
1. US 10-year, 20-year, and 30-year Treasury yields all just hit a new 24-year high.
2. US Manufacturing PMI also came in below expectations.
US bond yields are unstoppable, no matter what gets thrown at them.
Both the 20-year (5.685%) and 30-year (5.641%) just hit fresh 24-year highs.
Yields fell a bit after today's cooler PCE data. It didn't last.
Both are already back at new highs.
🚨 TRUMP LOSING THE MIDTERMS COULD BE THE TRIGGER THAT POPS THE AI BUBBLE.
The reason comes down to two things:
Politics & CAPEX.
The AI boom now requires an enormous amount of spending to keep growing.
BREAKING: Bitcoin surges above $85,000 and ETH has reclaimed $2700 after PCE inflation came at a 6 month low.
Over $75 million shorts liquidated in the last 60 minutes.
Oracle is borrowing tens of billions of dollars to build AI data centers for deals like Stargate and OpenAI.
Some of Oracle's long term bonds now yield over 8%.
One more downgrade puts Oracle's debt in junk territory.
🚨 ORACLE IS IN VERY BAD SITUATION.
Oracle's $ORCL Credit Default Swaps just jumped to highest level in history, while the company remains one downgrade away from junk status.
S&P has already cut Oracle's credit rating to BBB-, just one notch above junk.
🚨 ORACLE IS IN VERY BAD SITUATION.
Oracle's $ORCL Credit Default Swaps just jumped to highest level in history, while the company remains one downgrade away from junk status.
S&P has already cut Oracle's credit rating to BBB-, just one notch above junk.
JUST IN: 🇺🇸 Illinois unveils draft rules for taxing crypto transactions, regardless of profit or loss.
The law takes effect on January 1, 2027.
Is this how the US becomes crypto capital of the world?
BREAKING: The euro has crashed to its lowest level in 16 months against the dollar, as markets price in more Fed rate hikes.
It is now heading for its worst monthly performance since July 2025.