$68 Billion on IBM, $1 Trillion on SpaceX — The Configuration Was on the Tape Since Mid-June
IBM erased $68 billion in one session on 14 July. SpaceX has erased approximately $1 trillion in paper market capitalisation since its 16 June intraday peak. Advanced correlation signals across Consumer Discretionary (XLY), Tech (XLK) and Real Estate (XLRE) already flagged the fragility in mid-June — when the tape was still buying the story. Three…