The Buffett Indicator has climbed to a record 205%, indicating extreme market overvaluation, which surpasses levels seen during the Dot Com Bubble and the 2008 Financial Crisis. The current US stock market capitalization now stands at over double the GDP.
Dow Jones increased by 1% as investors shifted from tech stocks to health care. Meanwhile, Tesla shares fell more than 5% following criticism of Trump’s tax bill. Corporate purchases of Bitcoin outpaced ETF inflows, with companies acquiring around 131,000 BTC.
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