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MacroeconomistHenrik Zeberg expectsa massive blow-off top for equities in the coming months, saying recently that the stock market could likely head to one of thebiggest crashes in history.

In a Twitter post on Saturday, Zeberg said that stocks are likely on their way up, while the dollar index (DXY) which pits the USD against a basket of foreign currencies is likely on its way down.

The macroeconomist also shared a chart that included his prediction for the iShares MSCI Emerging Index Fund, an exchange-traded fund (ETF) that aims to track an index of large and mid-cap emerging market equities.

Let me be very clear:

We have the Largest Crash in Equities / Risk Assets since 1929 coming! Deep Recession!

But not yet…

First the inconceivable and very hated #BlowOffTop which will pull investors in on the wrong side before Crash

Stay on top: https://t.co/X89WATQHEP pic.twitter.com/qLHucQFhjF Henrik Zeberg (@HenrikZeberg) April 29, 2023

Zeberg tweeted that he sees the equities markets collapsing as the dollar index goes on a parabolic surge.

This is not the look of a market, which is about to crash – no matter how much you swear!#FAANG leading higher. Much higher! pic.twitter.com/YKK0u9oQQI Henrik Zeberg (@HenrikZeberg) April 28, 2023

Last week, Zeberg predicted thatBitcoinBTC/USD would skyrocket this summer as worries over an impending recessiongradually fade.The macroeconomist said that ablow-off top scenario is unfolding for both stocks and crypto, caused mostly by a drop in fixed-income yields.

Zeberg added that he believesthat a significant decline in yields would drive amarket rally while the economy would remain in acomfortable Goldilocks zone.

Meanwhile, Morgan Stanley's Managing Director and Chief Currency EconomistStephen Jentoldthe Financial Times last week that the U.S. dollar has suffered a stunning collapse as a reserve currency, which has seemingly quickened after Washington decided to wield its control over the dollar-based international financial system against Russia.

Now Read:Remember OPEC+ Surprise Production Cut? Now, Recession Fears Drag Oil Prices Back To Square One

Photo: Shutterstock

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Climate Satellite MethaneSAT Fails After Just One Year in Orbit

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Climate Satellite MethaneSAT Fails After Just One Year in Orbit

One of the world’s most advanced satellites for detecting methane and other gases that contribute to the warming of the planet has gone dark and stopped communicating with ground-based controllers just over a year after being launched into orbit. Created by the nonprofit Environmental Defense Fund (EDF), the satellite — estimated to cost as much as $88 million — hitched a ride into space on a SpaceX rocket in March 2024. It was charged with monitoring methane leaks from oil and gas operations, and then making the data available to policymakers and scientists through open access. But on June 20, contact with the satellite was lost, and attempts to recover it have failed. EDF officially reported on July 1 that MethaneSAT has lost power and appears unlikely to recover.

MethaneSAT Failure Marks Setback for Climate Transparency Despite Data Gains and Global Support

As per a statement released by EDF, MethaneSAT’s failure came despite multiple recovery attempts. The satellite was constructed to lift the veil off methane’s invisible, weighty impact on global warming. It is nowhere near as common as carbon dioxide, but over a timescale of, say, a century, it is 20 to 30 times more efficient at trapping heat in the atmosphere than carbon dioxide. That makes its emissions a prime target in the effort to minimize the risks of global warming. MethaneSAT was developed to independently corroborate industrial methane reports, especially those from fossil fuel extraction. The loss of the satellite is a remarkable setback for transparency in climate science and monitoring of emissions worldwide.

Yet mission operators are hopeful that data already collected will have far-reaching effects. EDF emphasized that insights from MethaneSAT’s year in orbit will continue to be processed and made public in the coming months. The mission included backing from 10 partners such as Harvard University, the New Zealand Space Agency, BAE Systems, Google, and the Bezos Earth Fund.

Officials called MethaneSAT a bold and needed move to hold our climate accountable. Although the mission was cut short, it signaled one of the largest joint efforts between science, advocacy, and technology to battle climate change. “To succeed in meeting the climate challenge, we need bold action and fearless innovation,” EDF mentioned, describing the satellite as “at the vanguard of science.”
MethaneSAT’s brief history highlights the difficulty — and importance — of deploying space-based instruments to try and combat climate change. As other missions get ready to blaze the same trail, the data and experience this little spacecraft provided will influence the future of Earth observation.

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Microsoft Says Xbox Chief Phil Spencer Not Retiring ‘Anytime Soon’ After Rumour Surfaces Amid Layoffs

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New Interstellar Comet 3I/ATLAS Speeds Through Solar System

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New Interstellar Comet 3I/ATLAS Speeds Through Solar System

A newly confirmed interstellar comet is making a rare passage through our solar system — and skywatchers can catch it live online tonight. The object, now called 3I/ATLAS, is just the third interstellar visitor ever detected after the well-known ‘Oumuamua (2017) and 2I/Borisov (2019). The comet was so fresh when first detected on July 1 by the ATLAS telescope in Chile that it hadn’t even been given a name yet; the Minor Planet Center has it listed as “3I,” the “I” standing for interstellar. Tonight’s webcast will kick off at 6 p.m. EDT (2200 GMT) from the Virtual Telescope Project’s virtual observing facilities in Italy.

Interstellar Comet 3I/ATLAS Speeds Toward Sun at 68 km/s, Offers Rare Study Opportunity

As per a report by Space.com, 3I/ATLAS was detected as a faint object displaying subtle cometary features, including a marginal coma and a short tail. Currently located 4.5 astronomical units (AU) from the sun — about 670 million kilometers (416 million miles) — the comet is faint at magnitude 18.8, making it invisible to amateur telescopes. The interstellar object is traveling at an astonishing pace of 68 kilometers per second (152,000 mph) relative to the sun, but NASA officials say it poses no danger to Earth.

It was imaged by the Virtual Telescope Project on July 2, showing the comet as a point of light within the trailing background stars — a sure indication that it is indeed moving through space. 3I/ATLAS should brighten a little as it approaches the sun, particularly when it gets closest, or its perihelion, on Oct. 30, when it swings within 1.4 astronomical units of the sun or Mars’ orbit.

The close pass by this interstellar visitor is a rare chance for astronomers to study the materials and dynamics outside our solar system. 3I/ATLAS, which is racing along at a frenetic pace on an elliptical orbit, may also support research into how these objects change as they sit in different stellar environments.

After disappearing behind the sun in late fall, 3I/ATLAS is projected to return to observational reach in early December. Researchers anticipate further analysis then, expanding our understanding of these rare visitors that traverse the galaxy — and occasionally, pass through our celestial neighborhood.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube.


The Hunt: Rajiv Gandhi Assassination Now Available For Streaming on SonyLIV

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OKX CEO apologizes after ‘false positives’ lock users out of accounts

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OKX CEO apologizes after ‘false positives’ lock users out of accounts

OKX CEO apologizes after ‘false positives’ lock users out of accounts

The CEO of OKX says that “false positives” are among the biggest challenges the crypto exchange faces in ensuring global compliance.

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