Mastodawn

Richard Murphy has a good story here about why the coming crash will be the biggest ever, and caused by OpenAI, Anthropic, and SpaceX.

Because these 3 IPOs are about to happen, and be massive, they will immediately and right away take up a large fraction of the S&P and Nasdaq stock indexes.

That means all the fund managers who run funds tracking the S&P and Nasdaq will have to buy enough of those 3 companies to make them a large fraction of the funds. Selling everything else to buy OpenAI, Anthropic, and SpaceX. Pumping their prices further.

Now the valuations of those companies is based on them being able to do all the jobs really. Which they can't. Because there isn't enough water or power, even if they do have the compute.

So they have to crash back down to something that isn't this fund-inflated price, isn't this overvalued price where you assume there's infinite water and power, but is a realistic price much much lower.

And that tanks everything so much they rich will be begging for bailouts because they continue to use to much margin.

https://www.taxresearch.org.uk/Blog/2026/05/22/the-stock-market-crash-could-be-bigger-than-i-previously-expected/

#openAI #anthropic #spaceX #stockMarkets

The stock market crash could be bigger than I previously expected

As the FT reports this morning: The blockbuster listings of SpaceX, Anthropic and OpenAI are set to prompt an unprecedented wave of buying and selling as new “fast entry” rules thrust the stocks straight into Wall Street indices. The rules, implemented this month by Nasdaq, mean billions of dollars of passive money...

Funding the Future

Global News National 3d ago

Stock markets open lower as bond yields near pre-Great Recession levels
North American stock markets opened lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S.
#Canada #Economy #Money #USNews
https://globalnews.ca/news/11858657/stock-markets-bonds-recession/

Global News US News 3d ago

Stock markets open lower as bond yields near pre-Great Recession levels
North American stock markets opened lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S.
#Canada #Economy #Money #USNews
https://globalnews.ca/news/11858657/stock-markets-bonds-recession/

Global News World 3d ago

Stock markets open lower as bond yields near pre-Great Recession levels
North American stock markets opened lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S.
#Canada #Economy #Money #USNews
https://globalnews.ca/news/11858657/stock-markets-bonds-recession/

Global News Canada 3d ago

Stock markets open lower as bond yields near pre-Great Recession levels
North American stock markets opened lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S.
#Canada #Economy #Money #USNews
https://globalnews.ca/news/11858657/stock-markets-bonds-recession/

The Guardian Feeds 4d ago

UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills – as it happened
By Julia Kollewe