Seriously, though, is Wall Street having a collective panic attack, or is there actual cause for concern? Let’s unpack this, because honestly, I need a new stock to obsess over, and this one’s got potential. Or at least, a good story.
They have a lot of these things, Vanguard. Over a hundred, which seems…excessive. Like a bakery with a hundred different types of sourdough. Eventually, some are going to get lost in the shuffle. Forgotten, left to stale on the shelf. And that, I suspect, is what’s happened with the Vanguard U.S. Minimum Volatility ETF. VFMV, they call it. Sounds like a particularly uninspired license plate.
Look, I’m a patient guy. Relatively. But this whole “rewarding patience” angle… it’s insulting. Like we’re all supposed to be grateful for… mediocrity? I’ve been diversified, yes, because that’s what responsible investors do. But to be “rewarded” now? It feels like a participation trophy. And I don’t do participation trophies.
Tuesday saw the poor beast dragged through the mud, hitting a low of $62,525 per coin on Bitstamp. $156 million in long positions, those hopeful bets on a rise, were swept away like so much dry grass in a prairie fire. Bitcoin liquidations led the charge, accounting for the lion’s share of the $400 million erased from the derivatives market. It’s been a brutal season, with the coin down 7.5% this week and a staggering 29.2% over the past month. Folks are starting to whisper, is this the end of the ‘digital gold’ dream?
Alphabet. Google, if you’re not keeping score. They won a lawsuit, you know. The government said they were a monopoly. The judge agreed, sort of. Didn’t really do anything about it. So it goes. They also have this “Gemini” thing, an AI that’s supposed to be clever. It does search results. People still use Google. Shocking.
The collaboration aims to facilitate the scaling of Meta’s AI infrastructure and accelerate the development of advanced AI models. The agreement is structured as a multi-year, multi-generational commitment, indicating a sustained relationship beyond immediate product cycles.
Buffett built an empire on value. On patience. On waiting for the other shoe to drop. But the game has changed. The market isn’t about waiting anymore. It’s about leverage. About squeezing every drop out of a rising tide. And that brings us to the Direxion Daily BRKB Bull 2X ETF. A fancy name for a double-edged sword.
Navitas, in its essence, is a maker of semiconductors, those minute controllers of energy which now govern so much of our lives. They have, until recently, focused on the fleeting world of consumer devices – the smartphones, the tablets, the ephemeral pleasures of modern convenience. But such markets are fickle, demanding constant innovation and offering diminishing returns. A wiser course, it seems, is to seek sustenance from the more substantial, if somewhat aloof, world of data centers. These are the cathedrals of the digital age, and Navitas hopes to provide a portion of the power that will illuminate them.
Crypto Candy, the wise oracle of digital doom, shared that Ethereum’s price has dropped more than 8% since the last update. Oh, joy! Just as predicted, it followed the bearish path like a loyal puppy. Currently, Ethereum is hovering around $1,800, while the selling pressure stays as heavy as my post-pizza guilt.
The blokes running the show – puffed-up peacocks, every last one of them – are keen to point out that everything is still ‘spectacular.’ Spectacular, they say! As if throwing money at a problem makes it disappear. They’re churning out these ‘subscriptions’ – little digital chains binding businesses to their services – and the numbers are indeed rather plump. But numbers, my dear reader, can be awfully deceptive. Like a magician’s rabbit, they can vanish into thin air if you’re not careful.