Tech is selling off, PPI came in hot. I’m starting to look at prediction markets instead of the stock.

I’m not trying to make a dramatic crash call. I’m just having a hard time reconciling the setup. Tech has been under pressure, inflation data isn’t helping the rate-cut case, and geopolitical risk is still hanging around. Normally that’s the kind of backdrop where I’d expect people to get at least a little more cautious. Then SpaceX goes public, raises $75B, and still closes its first day around a $2.1T market cap. I’m not saying SpaceX isn’t a real business. Obviously it is. But the timing feel

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