🚨 $600 BILLION WIPED OUT FROM US STOCKS AT THE OPEN.
Wall Street is feeling the heat as hotter-than-expected US CPI pushes December rate hike expectations close to 100%.
The sell-off is hitting major technology stocks:
🔻 NVIDIA: -3.62%
🔻 Micron: -2.90%
🔻 CrowdStrike: -2.87%
🔻 Cisco: -1.79%
🔻 AMD: -1.79%
🔻 Intel: -1.34%
🔻 Tesla and other tech stocks also face pressure.
Here's the bigger picture:
Hotter inflation means the Fed may keep monetary policy tighter for longer.
Higher interest rates increase pressure on growth stocks, technology valuations and risk assets.
Crypto could face additional selling pressure if this risk-off sentiment continues.
The key question now: Is this the beginning of a deeper market correction or just another volatility shock?
Watch Treasury yields, DXY and Bitcoin for confirmation.
#StockMarket #CPI #FederalReserve #NASDAQ #Bitcoin
Wall Street is feeling the heat as hotter-than-expected US CPI pushes December rate hike expectations close to 100%.
The sell-off is hitting major technology stocks:
🔻 NVIDIA: -3.62%
🔻 Micron: -2.90%
🔻 CrowdStrike: -2.87%
🔻 Cisco: -1.79%
🔻 AMD: -1.79%
🔻 Intel: -1.34%
🔻 Tesla and other tech stocks also face pressure.
Here's the bigger picture:
Hotter inflation means the Fed may keep monetary policy tighter for longer.
Higher interest rates increase pressure on growth stocks, technology valuations and risk assets.
Crypto could face additional selling pressure if this risk-off sentiment continues.
The key question now: Is this the beginning of a deeper market correction or just another volatility shock?
Watch Treasury yields, DXY and Bitcoin for confirmation.
#StockMarket #CPI #FederalReserve #NASDAQ #Bitcoin
