Citi warns $GLD gold might drop another 20% by September 🚨. If key shipping routes stay blocked through summer, gold purchases could shrink and prices could fall back to $3,500/oz — levels we haven't seen in 9 months. Analysts say the near-term outlook is risky, so buying the
$SPY Either it swept liquidity to trap late bulls this morning and bears this afternoon, or we hit the 50 DMA soon. 50/50 after that close. Not great odds for swinging anything, so I'm moving to cash.
Let's see what CPI brings. Enjoy your evening ✌️
Some people keep saying the market is a bubble... but here are the 2027 earnings multiples for big companies:
• $ORCL ~26x
• $AMZN ~25x
• $GOOGL ~25x
• $MSFT ~22x
• $NOW ~22x
• $AVGO ~20x
• $TSM ~19x
• $DELL ~19x
• $NVDA ~16x
• $META ~16x
• $CRM ~12x
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