Market Correction – Risk assets sell-off

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This 10% #selloff is just the beginning. Even a 50% #correction would only get to pre #covid levels, when #global #economy was doing fine. #Valuations were #crazy stupid. #Crypto #SPAC #EV bullshit scams were getting out of control. Realistically we need 80% correction in all major #risk #assets globally, especially low growth high #inflation economies. #Stocks #Crypto #Bonds #Commodities

But it doesn’t mean the #economy will #crash, just the #historic excess #liquidity causing this super hot #market is getting removed. Strong economies (#US, #India, etc) and companies will continue growing with good #Consumer and #labour #demand. #Technology, #industries with good #business models will be able to invest and buy weak #competitors

The biggest #bubble #frauds #CathieWood #ChamathPalihapitiya #SPAC #ElonMusk #Crypto have already corrected by -50% with more to come. They keep making bullshit #predictions #innovation claims, trashing historic #financial #economic #research, based on last few years of free #liquidity #meme #socialmedia driven rallies. #Retail investors are sitting on huge losses, while #insiders sold at the top

See #ARKK #Bitcoin #Tesla #Clov vs #Nasdaq #FTSE. Sell off will continue, especially in countries / indices like UK /China relative to US/India. Growth, #inflation, #politics, #realestate #bubble are all #factors