I have a completely different view than the market consensus First the title of article depicting the chart “Trade Deficit in Goods Worsens to All-Time Worst in 2024, Small Surplus in Services Rises, Overall Trade Deficit Worsens by 17%” My 2 cents. I believe that the worse is behind us … US trade deficit will start falling in coming months … which will lead to lower U.S. treasury yield.. which will lead to lower U.S. dollar and which will finally lead to less US dollar needed to be deployed in U.S. mega cap tech. Since 2022… rising U.S. trade deficit has led to the accumulated dollar getting recycled in U.S. mega cap tech ( instead of U.S. treasuries) … If I right in my view that U.S. trade deficit is set to shrink from here .. then we are seeing US mega cap tech bubble bursting in front of our eyes. ( chart courtesy Wolf street)