Jul. 4 at 4:20 PM
$SPY Happy 4th of July, everyone.
After seeing how casually
$SNDK and
$MU disintegrated this week (-25% in 5 days), as well as
$AMD sharply reversing off a one-day ATH candle, I think it’s much safer now to assume than anytime earlier this year that the AI bubble is ACTUALLY beginning to burst.
As I always try to convey to people (and myself), look for actual evidence of something occurring rather than make baseless assumptions.
Crypto is also down massively, with
$BTC down around 50% from ATHs. The last 2 years Bitcoin dropped big (2018 and 2022) the S&P suffered a loss for the year. I think there’s sufficient evidence to suggest this year will produce the same result.
The only difference thus far in 2026 is that the AI bubble has led people to believe that this year will end green. But what happens when stocks like SanDisk, that rose 6,000% in 12 months, start crashing back down?
Do you really think SPY will hold the
$700 level? Or even the
$650 level?
