The creator took a $300 loss on a trade in Bloom Energy, closing the position.
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🚨URGENT: CRYPTO JUST HAD ITS LARGEST HACK OF THE YEAR!!!
The creator discusses the impact of rising Treasury yields on the housing market and consumer spending, noting Starbucks' store closures as a recession indicator. He contrasts struggling retail companies with thriving AI and 'mag seven' stocks, highlighting the disconnect. The video also covers a major crypto hack, with Bitcoin and MicroStrategy (MSTR) selling off in response. The creator mentions closing his MSTR short position and a loss on Bloom Energy.
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MicroStrategy (MSTR) followed Bitcoin's sell-off after a major crypto hack, dropping from highs of $164 to lows of $162, prompting the creator to close his short position.
Starbucks is closing 250 stores, which the creator identifies as a recession indicator, noting the stock had a relatively flat day but has been on a consistent downturn.
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