An everything except precious metals collapse means a Trump-triggered recession is well underway. 

And this time, coming off a valuation record high for a handful of stocks which then reflected a record high for major indices is especially worrying. 

What this means is the entire market exuberance was driven by a  very, very few AI Chip or Cryptocurrency linked stocks could trigger an entire market collapse similar to the dot-com bubble. This time it will also be a valuation pop for some borderline ponzi stocks with creative accounting strategies. Namely Strategy.

Guys, get out fast. We are on very dangerous ground. And the big boys know this. That why on a day where everything popped, gold and silver ETF's rallied. For now, it's either switch to precious metals. Or buy commodities like wheat and others.