Data cited by ChainCatcher and published by Creative Planning Chief Market Strategist Charlie Bilello showed a sharp split in how far major assets have fallen from their all-time highs. The S&P 500 was down 3%, while Microsoft had fallen 6%. Palantir, Nvidia, Amazon, Tesla, Meta and AMD were each down between 14% and 24% from their peaks.
The list also showed deeper pullbacks in several other assets. Gold was down 31%, Alphabet was down 32%, SpaceX had fallen 41%, and Netflix was down 54%. In crypto, Bitcoin was down 39% from its high and Ether had dropped 55%. Meme coins posted the steepest declines in the dataset, with Dogecoin down 90%, Fartcoin down 95%, TrumpCoin down 98%, and MelaniaCoin down 99%.
ChainCatcher reported, citing data published by Creative Planning Chief Market Strategist Charlie Bilello, that drawdowns from all-time highs vary widely across major assets.
The S&P 500 was down 3% from its peak, while Microsoft had fallen 6%. Palantir, Nvidia, Amazon, Tesla, Meta and AMD were each down between 14% and 24%.
Gold was down 31%, Alphabet had fallen 32%, SpaceX was down 41%, and Netflix had dropped 54%.
In crypto, Bitcoin was down 39% from its high and Ether had fallen 55%. Dogecoin, Fartcoin, TrumpCoin and MelaniaCoin were down 90%, 95%, 98% and 99%, respectively.
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