The Situation:
The DOW JONES has been open for 60 seconds and is down -1,058 points pic.twitter.com/OZbddy9RI5
— Ty Coin (@tycoinsign) August 5, 2024
#European stocks 🇪🇺 were hit hard in a global sell-off. The Dax in #Frankfurt dropped by over 3%, while the Cac 40 in #Paris fell by 2.6%. In other markets, #Milan tumbled by 4%, and #Madrid declined by 2.8%. https://t.co/cjd5NrNAfG pic.twitter.com/KUWmTC4LIL
— Share_Talk ™ (@Share_Talk) August 5, 2024
Global financial markets are in turmoil, triggered by the Japanese carry trade (a trading strategy where an investor borrows at a low-interest rate and invests in an asset with a higher rate of return), leading to a historic sell-off.
Key Points:
– Japan’s Nikkei 225: A staggering 18.2% drop in two days, including a 12.4% plunge today.
– US Markets: $7 trillion lost in value over the past week.
– Crypto Crash: Over $1 billion liquidated in 24 hours, with Bitcoin and other cryptocurrencies nosediving.
– Fed Rate Stagnation: The Federal Reserve’s decision not to cut rates, alongside a softening US economy, worsens market instability.
The convergence of these factors has led to investor panic and unprecedented market volatility.
Sources: Reuters, Markets Insider, Federal Reserve History
🚨 BLACK MONDAY MELTDOWN
— Mario Nawfal (@MarioNawfal) August 5, 2024
The Situation:
Global financial markets are in turmoil, triggered by the Japanese carry trade, leading to a historic sell-off.
Key Points:
– Japan’s Nikkei 225: A staggering 18.2% drop in two days, including a 12.4% plunge today.
– US Markets: $7… https://t.co/23CWaXpUi7 pic.twitter.com/JrMYcnAJyq
This is not Bitcoin, Ethereum or even a shitcoin. It’s Intel pic.twitter.com/jPm7MjNUEU
— Not Jerome Powell (@alifarhat79) August 2, 2024
Musk warned
BREAKING: Elon Musk says “the Fed needs to drop rates. They have been foolish not to have done so already.”
— The Kobeissi Letter (@KobeissiLetter) August 5, 2024
Odds of an emergency Fed rate cut this week just jumped to 60%.@ElonMusk has been calling for rate cuts for some time now.
Is the Fed too late again? pic.twitter.com/E93evEbOt7
Buffet felt it
Warren’s Buffet sold most of his stocks three days ago. Always follow the money.
Berkshire Hathaway has dumped more shares this quarter than any other quarter in its entire history.
— Jacob King (@JacobKinge) August 4, 2024
They know what’s coming. 🩸 pic.twitter.com/Y4CnWHitdr
Trump knew
President Trump knew!
— 🇺🇸ProudArmyBrat (@leslibless) August 5, 2024
This is on Biden and Harris! pic.twitter.com/YNxihqkfxl
