To The Moon

For week ending Fri, 21 Aug 2026, US stock market rally bent but didn't break - a disaster week, if I could say so. All the key indexes fell below their 21-day moving averages on Thu, 20 Aug 2026 with the Nasdaq also closing below its 04 Aug 2026’s follow-through day low — a highly bearish signal that the market rally will ultimately fail. The indexes rose modestly on Friday, with all except Nasdaq regaining their 21-day lines. For the week: (see above) DJIA : -0.75% (-386.10 to 53,277.01). The Dow is posting back-to-back weekly losses. S&P 500 : -1.49% (-116.31 to 7,674.37). Nasdaq : -2.26% (-604.20 to 26,180.46). In the wake of the latest market drawdown, Verdence Capital Advisors, founder & CEO, Leo Kelly thinks US equities could see even more losses, a slide toward correction t

For week ending Fri, 21 Aug 2026, US stock market rally bent but didn't break - a disaster week, if I could say so. All the key indexes fell below their 21-day moving averages on Thu, 20 Aug 2026 with the Nasdaq also closing below its 04 Aug 2026’s follow-through day low — a highly bearish signal that the market rally will ultimately fail. The indexes rose modestly on Friday, with all except Nasdaq regaining their 21-day lines. For the week: (see above) DJIA : -0.75% (-386.10 to 53,277.01). The Dow is posting back-to-back weekly losses. S&P 500 : -1.49% (-116.31 to 7,674.37). Nasdaq : -2.26% (-604.20 to 26,180.46). In the wake of the latest market drawdown, Verdence Capital Advisors, founder & CEO, Leo Kelly thinks US equities could see even more losses, a slide toward correction t

. Of late, the US stock market is showing valuation patterns that have historically preceded major downturns. Just to be clear, it does not mean that a crash is imminent or certain. Warnings. Looking across key economic indicators and corporate valuation metrics, the US equity market exhibits several clear, historical warning signs of structural vulnerability: (1) Metrics valuations. a) The Shiller CAPE Ratio: Measuring price versus 10-year inflation-adjusted earnings, this ratio has consistently stayed above 40 since May 2026. Outside of recent trading, the late-1990s dot-com bubble was the only other period in US history where this metric remained above 40 for an extended time. b) The Buffett Indicator: Total US stock-market value divided by US GDP, currently stands at a record roughly 2

. Of late, the US stock market is showing valuation patterns that have historically preceded major downturns. Just to be clear, it does not mean that a crash is imminent or certain. Warnings. Looking across key economic indicators and corporate valuation metrics, the US equity market exhibits several clear, historical warning signs of structural vulnerability: (1) Metrics valuations. a) The Shiller CAPE Ratio: Measuring price versus 10-year inflation-adjusted earnings, this ratio has consistently stayed above 40 since May 2026. Outside of recent trading, the late-1990s dot-com bubble was the only other period in US history where this metric remained above 40 for an extended time. b) The Buffett Indicator: Total US stock-market value divided by US GDP, currently stands at a record roughly 2

The AI boom has turned High-bandwidth memory (HBM) into a key bottleneck for chipmakers. Thanks to the ‘bottleneck’, the top 3 HBM suppliers’ stock prices have soared to new highs, since April 2026. (see below) 01 Apr 2026 to 18 Aug 2026 $Micron Technology(MU)$ has risen by about +155.75%. SK Hynix (Korea) have risen by +67.22%. Samsung (Korea) have risen by +30.5%. Given above backdrop, the latest twist in $NVIDIA(NVDA)$’s roadmap makes it especially important for HBM suppliers. The AI buildout (set in motion) is creating an unusual problem for semiconductor investors - demand is arriving faster than the supply chain can deliver the most advanced components. Booming demand for AI chips is creating a tricky

. Of late, the US stock market is showing valuation patterns that have historically preceded major downturns. Just to be clear, it does not mean that a crash is imminent or certain. Warnings. Looking across key economic indicators and corporate valuation metrics, the US equity market exhibits several clear, historical warning signs of structural vulnerability: (1) Metrics valuations. a) The Shiller CAPE Ratio: Measuring price versus 10-year inflation-adjusted earnings, this ratio has consistently stayed above 40 since May 2026. Outside of recent trading, the late-1990s dot-com bubble was the only other period in US history where this metric remained above 40 for an extended time. b) The Buffett Indicator: Total US stock-market value divided by US GDP, currently stands at a record roughly 2

. Of late, the US stock market is showing valuation patterns that have historically preceded major downturns. Just to be clear, it does not mean that a crash is imminent or certain. Warnings. Looking across key economic indicators and corporate valuation metrics, the US equity market exhibits several clear, historical warning signs of structural vulnerability: (1) Metrics valuations. a) The Shiller CAPE Ratio: Measuring price versus 10-year inflation-adjusted earnings, this ratio has consistently stayed above 40 since May 2026. Outside of recent trading, the late-1990s dot-com bubble was the only other period in US history where this metric remained above 40 for an extended time. b) The Buffett Indicator: Total US stock-market value divided by US GDP, currently stands at a record roughly 2

The AI boom has turned High-bandwidth memory (HBM) into a key bottleneck for chipmakers. Thanks to the ‘bottleneck’, the top 3 HBM suppliers’ stock prices have soared to new highs, since April 2026. (see below) 01 Apr 2026 to 18 Aug 2026 $Micron Technology(MU)$ has risen by about +155.75%. SK Hynix (Korea) have risen by +67.22%. Samsung (Korea) have risen by +30.5%. Given above backdrop, the latest twist in $NVIDIA(NVDA)$’s roadmap makes it especially important for HBM suppliers. The AI buildout (set in motion) is creating an unusual problem for semiconductor investors - demand is arriving faster than the supply chain can deliver the most advanced components. Booming demand for AI chips is creating a tricky