WILL WE SEE ANOTHER BLACK MONDAY TOMORROW?
After last week's market bloodbath, traders are worried that Monday's market open could bring another major selloff.
And there are several reasons behind this fear:
- Democrats' election wins have added pressure to AI stocks.
- Fears of a global AI bubble are growing.
- The US is reportedly preparing more limited strikes on Iran.
- The VIX recorded its 3rd-largest daily spike in history last week.
- Major funds are quickly pulling away from AI-related debt.
- Expectations of another Fed rate hike are rising.
Friday's recovery was mainly driven by short sellers closing their positions, while overall market fear remains high.
This means another wave of selling could still be possible.
To be clear, I'm not talking about a 1987-style Black Monday crash, but a sharp drop similar to what we witnessed on Thursday.
Could we see another brutal Monday, or will the bulls surprise everyone?
$XAU l $ZEC l $BTC
After last week's market bloodbath, traders are worried that Monday's market open could bring another major selloff.
And there are several reasons behind this fear:
- Democrats' election wins have added pressure to AI stocks.
- Fears of a global AI bubble are growing.
- The US is reportedly preparing more limited strikes on Iran.
- The VIX recorded its 3rd-largest daily spike in history last week.
- Major funds are quickly pulling away from AI-related debt.
- Expectations of another Fed rate hike are rising.
Friday's recovery was mainly driven by short sellers closing their positions, while overall market fear remains high.
This means another wave of selling could still be possible.
To be clear, I'm not talking about a 1987-style Black Monday crash, but a sharp drop similar to what we witnessed on Thursday.
Could we see another brutal Monday, or will the bulls surprise everyone?
$XAU l $ZEC l $BTC
