Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole by Wolf Richter • Aug 10, 2024 • 106 Comments Our pantheon of Imploded Stocks is weighing down the Russell 2000 index.
PE Firm Blackstone’s Epic Pump-n-Dump with Bumble now down to just a Mop-up Operation: Shares -94% since IPO Pop by Wolf Richter • Aug 8, 2024 • 70 Comments Blackstone made over $2 billion (as the public got wiped out), taking advantage of Consensual Hallucination.
US Stocks Open into Mess but Whiff of Panic Fades after Japan Crashed 12% Today, 20% since BOJ Ended Free Money by Wolf Richter • Aug 5, 2024 • 121 Comments This week starts out somewhat ugly. AI-hype-driven rally is losing hot air.
Berkshire Dumped Nearly Half its Apple Shares plus Other Stocks into Final Burst of Rally, Bought T-Bills. Cash is King by Wolf Richter • Aug 4, 2024 • 163 Comments “You could conclude this is another sell signal. This was a far higher level of selling activity than we were expecting.”
Stocks Swoon amid Rate-Cut Hopes after they’d Soared amid Rate-Cut Hopes? Whatever. Mag 7 -$2.26 Trillion from Peak, Semis Crushed, Nasdaq Bloodied by Wolf Richter • Aug 2, 2024 • 223 Comments Fed or no Fed, people suddenly notice fundamentals again, a scary thing at this altitude.
Eyepopping Factory Construction Boom in the US Reaches New Highs amid Big Corporate & Strategic Rethink by Wolf Richter • Aug 1, 2024 • 70 Comments One of the big changes that came out of the chaos of the pandemic. And robots cost nearly the same anywhere.
Magnificent 7 Down by $2.09 Trillion from Peak, then Microsoft Comes Out and Makes Further Mess Afterhours by Wolf Richter • Jul 30, 2024 • 86 Comments Nvidia -7% today, -23% since July 10. But afterhours, it rose when Microsoft outlined what it’s spending on AI infrastructure.
Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger by Wolf Richter • Jul 25, 2024 • 53 Comments Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out?
Magnificent 7 Got on Elevator to the Moon but Someone Pushed a Wrong Button: -$1.77 Trillion in 10 Days. Tesla Blows Fuse by Wolf Richter • Jul 24, 2024 • 136 Comments Nvidia is our double-WTF chart of the year, giving up $512 billion in 10 days.
CRE Gets Strangled, Corporate Bankruptcies Highest since 2010, but Junk Bonds & Broad Financial Conditions in La-La-Land by Wolf Richter • Jul 22, 2024 • 89 Comments The big divergence.
