The Market’s Seasonal Mirage The so-called “Santa Rally” is officially dead, and the year isn’t even over yet. Futures for the S&P 500 tumbled 1% early Monday, with the Nasdaq following suit, marking the third consecutive session of losses. The Magnificent Seven—Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, and Tesla—are all in the red, dragging down the broader market. Tesla is leading the downward charge with a premarket loss of nearly 2%. But this isn’t just about a bad trading day. It’s a reflection of how fragile this entire system is. For years, these tech behemoths have been the poster children of market manipulation, fueled by cheap credit, overhyped narratives, and a Federal Reserve that can’t seem to resist bailing out…
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