More of a worry is the spending by many of the Magnificent 7 stocks on chips and data centres, ETF’s and funds for the latter are springing up here in Australia as well.
The biggest worries are War and the forgotten Presidential style of Donald J. Trump. While wars are impossible to stop, the President of the USA seems hell bent on promoting bitcoin as an alternative to the $USD. When the ineviable veil of ignorance on tokens and crypto is lifted the US Treasury will have to print money again. The promotion and holding of bitcoin by his own companies and Trump appointed regulators loosening regulations will only heighten the problem. Yet the US commentary is blind to this lack of proper governance.
Crashes are never predicted with any exactitude but the circumstances are developing for one to occur. But who wants to get off a merry go round when the young lady on the horse ahead turns and smiles enticingly at you. Where the US MArkets go in a crash, there goes the ASX.
End of rant.
gg
