This is what Trump wants to justify lowering rates. Trump wants catastrophe and terror to claim hes the only one who can fix it. When in actuality he caused the problems, has declared 7 bankruptcies in his business Career, and has now bankrupted America by having a shutdown and not paying it's employees, snap programs, cancelation of USAID and many much more.
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It'll get worse.
"The S&P 500 posted a loss of 1.6% this week."
Wow, it sure is popping. Nvidia is only down about 0.25% compared to a month ago. Lets keep this week's pace of pullback going for a few more weeks and maybe then we can talk about a pop. The bubble is so absurd that 800 billion is relatively not even that much in percentage terms.
Oh no?! The imaginary money that doesn't actually exist now has less than before?! Whaaa! I'm sad now.
Lots of people says gg here. But trump is to the economy what global warming is to the climate. It spikes up and down. The nasdaq still has double digit gains on the year after this drop. When the bubble really bursts, the fall is going to be much much bigger.
That said, the conspiracy theorist in me says this is just a thing orchestrated by companies that want to buy AI startups at a better price. Apparently there has been a ton of consolidation going on in that space.
😱 -- 😉.