I’ve shown the charts of the electric vehicle sector getting demolished many times, but the fellows at Chartr do a nice job with it here:
Riot Platforms (RIOT) is a company whose sole purpose in life is crypto.(more…)
In between bulk purchases of erasers, the boys down at Elliott Wave International often describe corporate bonds as “equities in drag.” Setting aside that disturbing imagery, I would point out that the fund representing these, shown below, is indeed looking pretty broken, and as exuberant as stocks are, don’t ignore the fact that bonds ain’t buying it.
Many tens of billions of dollars of shareholder value already destroyed by the agenda-driven algorithms of Google engineers.