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But we saved everything 🙂.
Brian Krassenstein observed that markets were at or near their highs prior to the latest session. In the subsequent hours, the NASDAQ experienced its largest single drop in history.
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Krassenstein has previously raised concern over possible market bubbles, citing SpaceX IPO hype and high private valuations. He also reported that U.S. consumer prices climbed 3.8% in April, marking the fastest inflation rate since May 2023. These earlier observations add context to the recent market volatility.