I wouldn't call it a bubble pop yet even though 4% is quite substantial for a single day. Investors do not like that democratic governors are hostile to the datacentre buildout. Democrats taking Senate&Congress alone might have been bullish because WallSt loves gridlock in Washington but the democratic governors in states everyone thought to be safe red was probably too much to stomach.
Democratic governors were hostile to the data center buildout because that was needed to get the necessary votes.
Now that they realize that they have to bring in jobs and economic activity in order to stay in power in their respective states, they will have to break their campaign promises.. and then no more nuclear war in Nasdaqistan after that anymore and the pump may resume!
So is the bubble now popped because of democrats? 😆
I wouldn't call it a bubble pop yet even though 4% is quite substantial for a single day. Investors do not like that democratic governors are hostile to the datacentre buildout. Democrats taking Senate&Congress alone might have been bullish because WallSt loves gridlock in Washington but the democratic governors in states everyone thought to be safe red was probably too much to stomach.
Democratic governors were hostile to the data center buildout because that was needed to get the necessary votes.
Now that they realize that they have to bring in jobs and economic activity in order to stay in power in their respective states, they will have to break their campaign promises.. and then no more nuclear war in Nasdaqistan after that anymore and the pump may resume!
Yeah true investors don’t like uncertainty