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Wednesday, June 24, 2026

The AI Bubble Pop - The MSM Tried to Cover It Up

The Smoke and Mirrors MSM Really Outdid Themselves This Time 

As Tuesday's crash in Asian semiconductor stocks spilled over into global markets - forced selling spilled over into everything from Metals/Gold, to Mag7... even Tim Seymour pot stocks (-3%). 😂  

First The Setup: 

Breadth of Fresh Air? Not So Fast [link to Monday's blog]


You want to know who's stock market is really soaring? Pull up a NIKKEI, or S. Korea chart. 

The Final Warning: I sounded the final warning after watching a certain (unnamed) Bloomberg host, bring on some grease ball to suggest the retail investor should chase Taiwan Semiconductor. 

The Very Next Day (overnight actually):  

It took nearly 30 minutes to find any credible information as I woke up to Nasdaq futures -3%. 

First Series of Tweets: 

4:15AM. Second cup. Flipping between Bloomberg - covering oil like any other day at the office - and whatever Fox Business runs at that hour — turns out it's the weather. Apparently financial news doesn't start until banker's hours. CNN wasn't even on my radar — I save them for actual emergencies, and even then it's a coin flip.

Then Vonnie Quinn, mid-commercial break, drops it like a footnote: "...the KOSPI is down ten percent." Eight second clip. Back to commercials.

That's when I high-fived the wife. "We're net short semis, honey" 

This is what it's come to: Reporting straight up lies about a sell off in Big Tech, instead of the unwind in chip stocks in Asia. 

Semiconductor stocks hit a record-breaking 18.8% of the entire S&P 500's market capitalization, putting them right around your 19% figure. Source: AI Overview (Google)

MSM immediately pointed to the rout in "Big Tech", and the SpaceX unwind, as the cause of the overnight unwind. They must think/ know retail is stupid. 

The charts don't lie. $MAGS (mag7 ETF) retests the recent low, still trading in the same range. Call it a bearish H&S if you like, but what we saw yesterday was a retest of the bottom of the recent lows. The same sideways slop I warned you about in Monday's perfectly timed masterpiece. 
$MAGS Mag7 ETF

CNBC was reading from the same script Monday evening: Pointing to Monday's lousy action (the day after a 7% move on the $SOX (June *OPEX runoff) "a great day for markets", as a sign of the broadening out... also Pointing to $CAT (after it kissed the $1000 level). 

Caterpillar Chart

I couldn't help but mock...: 
I don't know what their motivation is to spin the market, but I suspect they know that once AI leadership comes to an end, and the American people wake up, it's game over/ lights out. 


Speaking of MSM coverups: Turns out every network was paid to push the experimental covid vaccine. 

P.S. Paid to lie…and crickets on recent FDA COVID vax revelations. Media complicity is an understatement. https://t.co/PJtlMr5pgE

 Grok/AI confirms (but when prompted to give a straight answer...): 

Yes, it's largely true.

The U.S. Department of Health and Human Services (HHS) ran a "We Can Do This" public education/PR campaign costing over $900 million in taxpayer funds (sometimes cited near $1 billion total for related efforts). This included paid advertising on major networks like ABC, CBS, NBC, Fox News, CNN, and MSNBC, plus print and digital outlets, to promote COVID-19 vaccines and boosters.
Those who claim to give it to you straight, and keeping the government in check are actually being paid under the table. One can only imagine what else they're hiding.
Is it any wonder the wholly unchecked Healthcare system is wrought with Fraud. Create the problem; offer the solution. 



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