Ai and Semiconductor Rout Underway

Huge leveraged margin involved in this very crowded trade.

Notice how late to the party the rating agencies and credit risk traders are. This should have been seen a mile away.

Oracle is in even worse shape.

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China semi breakthrough to undercut SMH manufacturers.

Overnight in Korea:

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Packed in and sequenced at the same time, Japan pulling the plug on easy money carry trade.

Oddly the “markets” still accept the energy price manipulations as reality. There is some reconciling to do on this front as well. Back in March, the CME warned: “US intervention in oil futures would be a biblical disaster…”

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