California just lost $1 TRILLION in taxable wealth in weeks. @Chamath nailed it. The "Walking Treasure Chests" have fled to FL, TX, and NV.
The mere threat of the 2026 Billionaire Tax Act has driven 50% of targeted wealth out of state before a single vote was cast. The golden goose didn’t just stop laying eggs; it flew away.
Who pays the bill now? The middle class. https://open.substack.com/pub/investanswers/p/part-ii-the-california-millionaire?r=q9ccl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true…

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Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

This trader made a total of 48 predictions of market movements within 15 minutes, earning a net profit of $80,000 in one day.

Earning $80,000 a day, this top player treats Polymarket like an ATM.

Written by: Mahe, Foresight News
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