Originally published at: https://peakprosperity.com/daily-digest/tech-titans-tumble-as-banks-brace-for-crisis-was-the-shooter-misidentified/
In the financial world, the Magnificent 7 stocks—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla—experienced a significant downturn, losing $1.13 trillion in market capitalization over just five days. This follows a substantial gain of $5 trillion from the beginning of the year to July 10. Nvidia, which had seen a $2.1 trillion increase year-to-date by July 10, dropped 12.6%, losing $418 billion and falling out of the $3-trillion club. Apple, Microsoft, and Nvidia collectively saw their market cap fall by $650 billion, dropping below $10 trillion. Tesla, with the smallest gain among the seven, lost 5.6%, erasing its gains for the year. Meta experienced the largest percentage loss, dropping 13.6% and losing $184 billion in market value. Despite these losses, the combined market cap of the Magnificent 7 would need to drop another 25%, or $4 trillion, to return to early 2024 levels.
Economic indicators are signaling potential turbulence ahead. The U.S. banking system currently holds unrealized losses between $500 billion and $700 billion, significantly higher than the $100 billion during the Global Financial Crisis. These losses could become problematic if banks are forced to sell assets at a loss due to deposit flight or increased funding costs. The yield curve, particularly the relationship between the 2-year and 10-year treasuries, has been inverted for over two years. Recently, the 30-year treasury yield surpassed the 2-year yield, indicating the beginning of this un-inversion. The current bull steepener suggests worsening economic conditions. Additionally, the interconnectedness of the banking system increases the risk of a hard landing, with the current decline in M2 money supply, the first since the Great Depression, supporting this concern.
In the realm of medical treatments for transgender and gender-diverse individuals, there is ongoing debate and controversy, particularly regarding the use of puberty blockers and hormone therapies for minors. The need for strong evidence before making permanent physiological changes is emphasized in a recent documentary, as these treatments can have irreversible effects and lifelong consequences. Personal experiences shared by individuals who regret their medical transitions highlight the physical and emotional scars left by these treatments. Concerns are raised about the adequacy of information provided to patients regarding the risks involved. The potential for misdiagnosis and the possibility that gender dysphoria might mask other underlying issues, such as trauma, are also discussed. There is a call for more rigorous medical and scientific protocols, with accusations that current practices amount to live human experiments on children. The narrative stresses the importance of protecting children and ensuring that medical treatments are based on solid evidence.
Related to the recent attempt on former President Trump’s life, the shooter has been misidentified according to some sources. The shooter, according to these reports, is actually Maxwell Yearick, a 30-year-old left-wing extremist from Perry South. Yearick had a history of violent protests and clashes with law enforcement, participating in various protests across the country.
Sources
Magnificent 7 Stocks Shed $1.1 Trillion in Five Days: A Mere Blip in the Market
These numbers are just crazy when you actually think for one second about it: Since the high on July 10, over those five trading days, the Magnificent 7 – Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla – have lost $1.13 trillion in market capitalization.
Source | Submitted by rhollenb
Recession Looms: Banking System’s Unrealized Losses and Yield Curve Signal Economic Downturn
“The world’s most powerful economic indicator is signaling a recession is near.”
Source | Submitted by rhollenb
The Hidden Scandal: Unveiling the Risks and Realities of Gender-Affirming Treatments for Youth
The risks of anti-puberty and hormone treatment for those under 18 currently outweigh the possible benefits.
Source | Submitted by lsoper
Alleged Assassination Attempt on Trump: Unprotected Roof and Secret Service Scrutiny
Assassination attempt on Trump, with focus on US Secret Service’s actions.
Source | Submitted by irenelekkas
The Shooter in Trump Rally Incident was Misidentified
Maxwell Yearick, a known left-wing extremist with a history of violence, was the shooter in the Butler rally incident.
Source | Submitted by Monicker1