Meltdown Begins: Trader Called Pullback, Warns Another 50% Crash Next | Gareth Soloway

Summary

Gareth Soloway analyzes the recent pullback across Bitcoin, stocks, and gold, outlining technical levels for further downside. He warns on the overhyped SpaceX IPO and overbought semiconductors, while highlighting a high-yield dividend stock Kagra as a breakout candidate and expecting bond yields to fall.

• Bitcoin holding $60k double bottom but if it breaks, next supports at $50-53k and worst case $35k head-and-shoulders target.
• S&P 500 has broken its uptrend with a lower low and heavy volume; summer midterm-year sell-off pattern adds caution.
• SpaceX IPO likely to pop then fade — retail warned off as exit liquidity, with Facebook and Cerebras as cautionary examples.
• Semiconductors are overbought on relentless AI capex expectations; Broadcom's 25% drop after flat guidance is a warning for the sector.
• Gold remains in a short-term downtrend targeting $3500; silver could fall to $50 or below as speculative money flushes out.
• 10-year yields expected to decline as the economy slows, making long-duration Treasuries attractive.
• Kagra (dividend payer) yields 10%, trades at 2009 lows, and shows a potential technical breakout.