Stock Meltdown Puts S&P on Brink of Correction | What You Missed 8/05

A renewed bout of volatility hit financial markets as recent talk about a US economic recession - mostly seen as premature - spurred warnings that this year’s sizzling stock rally has gone too far. From New York to London and Tokyo, equities got pummeled. Just as markets started celebrating signals from the Federal Reserve about a first rate cut, they were hit by a perfect storm - weak economic data, underwhelming corporate earnings, stretched positioning and poor seasonal trends.
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[@vincesiy1403]

Jensen Huang definitely did some insider trading lol. He will surely buy back those shares once it hits their estimated bottom.

[@chiquita683]

I just woke up, what happened?

[@paulfeasal6024]

S&P historically has performed better than all stocks, except a few that no one can get pr one is jist limited to working for that company and the other don't even allow its personal to buy in any more.

[@user-fh1nv7tc4l]

It's 2023 and this is a guaranteed way to blow up your account. The main thing is whether you follow the instructions correctly.

[@CO8848_2]

The recession is real, how many companies are having mass layoffs?

[@SnowMcCall1]

Discuss anyone else think Buckle Up USA

[@mrmustangman]

yep