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CNBC Mad July 3, 2024

It wasnt done tightening. Then we had some banks collapse in march. Then we stopped worried about the fed because we figured the economy had it. That led to a wholesale shift into tech. A multimonth run into tech, especially the magnificent seven. So the consumer situation coming together now after weeks upon weeks of pain . That may be what we saw today. The nasdaq jumping 1. 35 . It was a total shakeoff of the endless selling. It didnt happen until later in the afternoon. It is hard to believe the system can repeat itself, i have to say the setup is very similar, even if the starting point is different. We had a replay from march where recession from demand destruction overwhelmed those by inflation or spiral growth that seemed impervious to all the fed rate hikes. Maybe it is the start of something bigger. Hey. Come on. After what we have been through, a few hours of larger prices looms larger than it should. To give you some connect here, lets rewind to spring. We had the collapse

1999 Repeal of Glass-Steagall was the worst deregulation ever enacted in US history Creating Too-Big-To-Fail which caused 2008 Financial Crisis & Arguably The Unprecedented Jan 2021 (PCO or Cascading Bank Failure) – Investment Watch

1999 Repeal of Glass-Steagall was the worst deregulation ever enacted in US history Creating Too-Big-To-Fail which caused 2008 Financial Crisis & Arguably The Unprecedented Jan 2021 (PCO or Cascading Bank Failure) – Investment Watch
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