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No Volume Amid Two-Way Trading
A mild dip would be good.
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Barring the US getting into a war, I think we could see a lot of quiet trading days going into the end of the year.
Yes, the markets have rallied, but that's not changing the overall stress people are feeling. A friend sent me a story about the sovereign wealth funds and how Norway's sovereign fund invested $1.4 trillion of the fund's holdings in tech companies, which jumped 39%. The fund bought Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA), which contributed the most, helping to drive the fund's 10% overall return.
Norway's sovereign wealth fund made a profit of 1,501 billion crowns ($143 billion) for the first half of the year, partly due to the growth of US tech companies and their development of artificial intelligence, which brings me to another point…
Why should the US give $60 billion in aid to Ukraine when we owe $33 trillion? This is in Europe's backyard and they should foot the bill. All you have to do is look at the 10 biggest sovereign wealth funds: Norway, Sweden, Finland, Saudi Arabia, China, UAE and Singapore. Let them come up with some fucking money.