The Final Tally: $5 Trillion Burns in Market Bloodbath—J-Poww Strikes Again…

Well, that escalated quickly. The Dow got slapped with a 700-point loss, the Nasdaq cratered over 3%, and the S&P 500 face planted 2.24%—all in one glorious, red-tinged trading session. If you’ve ever wondered what it looks like to see $5 trillion burn, well there you go… because that’s exactly what happened. 

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For starters, Nvidia decided to get its bondage on and go full submission with a $5.5 billion write-down because Uncle Sam won’t let them ship their H20 chips to China anymore. A.k.a. The same chips that were piecemealed together specifically to comply with earlier export bans. But, as it turns out, “compliance” is a moving target when national security is driving the bus. 

Naturally, shares plummeted nearly 7% dragging down the entire sector with it. AMD fell -7%, while Micron took a -2% hit. ASML, also finished off the lucky seven’s with a -7% fall. But, but, but… good news for sharks, the sell-off didn’t stop with nerd stocks. 

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The real kick in the balls came courtesy of J-Poww, who stood up in Chicago and basically said, “We have no idea what the hell is going on.” Okay, not in so many words, but close. He warned about the “challenging impacts” of new tariffs and said the Fed is just gonna sit tight until there’s “greater clarity” on the economy. Which is almost scary accurate to what I told you to expect in yesterday’s Final Tally email: A word salad of nothingness. 

Oh, and… stagflation might be back on the menu. Fun stuff. 

As a result, markets fully lost it after Powell’s speech. Even Shopify was thrown into the blender of chaos as Loop Capital slashed its price target from $150 to $120 because merchants on the platform are apparently starting to feel the slowdown. Luckily, for $SHOP investors, everyone was too far up Nvidia’s a$$ to care as shares barely moved (up 0.06% on the day). 

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On the other hand, energy stocks decided to LARP as the only sane part of the market. Crude oil jumped nearly 2% after the U.S. slapped Iran with another batch of sanctions. APA, Devon, Diamondback, Targa—up more than 1%. Exxon and Chevron also rose, but like the boomers they are, just a little bit. So with that, what’s next? 

Well, we have a Federal Reserve that’s openly admitting it’s in wait-and-see mode. You’ve got escalating trade wars, particularly with China, that are now nuking actual earnings—not just theoretical forecasts. And you have the most important AI player in the world taking a $5.5 billion punch on the chin. So yeah, sleep tight tonight. Hopefully there’s not as much blood tomorrow. Until next time, friends… 

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

P.S. Oh, I’m sorry, I didn’t know you liked getting rekt. Let’s face it, retail investors get the short end of the stick all day everyday. It’s the smart money’s world, and we are just living in it–only useful when it comes to liquidity purposes in the market. Meaning, if you’re as pissed off as I was when I found out Milli Vanilli was lip syncing the whole time, then it’s time to go from investing blind, to investing smart. Luckily for you, the key is right here as a Stocks.News premium member. Click here to see exactly how our premium members are printing while others quake in the face of today’s market chaos. 

Stocks.News holds positions in Devon Energy and Exxon Mobil as mentioned in the article.