🚨🩸 Wall Street massacre... $1 trillion evaporates from U.S. stocks as contagion hits global markets!
A brutal start to trading in U.S. markets, with a fierce wave of selling wiping more than $1 trillion off their market value early in the session.
📉 Market bloodbath:
- Nasdaq plunges 4.6% to 27,233 points.
- Dow Jones falls 1.4%.
- Germany’s DAX drops 0.9%.
- Bitcoin slides 3.9% to $77,286.
🔥 What stoked fears?
Cleveland Fed President Beth Hammack said inflation is moving in the wrong direction and interest rates should remain restrictive, with gradual rate hikes a possibility.
⚠️ And what about gold?
Although it is a safe haven, gold could come under temporary pressure if investors are forced to sell it to raise cash and cover losses on their stock positions.
📌 Bottom line:
Markets face a tough test amid inflation concerns, tighter monetary policy, and a wave of position liquidations.
$NVDAB
$TSLAB
$SOXSB
A brutal start to trading in U.S. markets, with a fierce wave of selling wiping more than $1 trillion off their market value early in the session.
📉 Market bloodbath:
- Nasdaq plunges 4.6% to 27,233 points.
- Dow Jones falls 1.4%.
- Germany’s DAX drops 0.9%.
- Bitcoin slides 3.9% to $77,286.
🔥 What stoked fears?
Cleveland Fed President Beth Hammack said inflation is moving in the wrong direction and interest rates should remain restrictive, with gradual rate hikes a possibility.
⚠️ And what about gold?
Although it is a safe haven, gold could come under temporary pressure if investors are forced to sell it to raise cash and cover losses on their stock positions.
📌 Bottom line:
Markets face a tough test amid inflation concerns, tighter monetary policy, and a wave of position liquidations.
$NVDAB
$TSLAB
$SOXSB
