Precious metals continue falling significantly, with rate hike pressure and continuing inflation thanks to the ongoing conflict. With SpaceX IPO coming up tomorrow, both institutions and retail investors/traders have been selling and taking profit on other stocks to raise capital for SpaceX. IMO, SpaceX is too overvalued and fomo'ing into it tomorrow could be a huge risk of getting liquidated.
☕️ [Task Coins Giveaway] Daily Market Talk — Iran Shuts Hormuz, Dow Drops 953
Iran shut the Strait of Hormuz, the Dow fell 953, Oracle beat but crashed 7% on capex, and SpaceX prices its $1.8T IPO tonight.
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