"So, what are you selling?"
Lol
The three main indicators that send the global stock market in a tailspin are:
1/ The falling of the yen. Japan rising it's interest rates to keep its economy in survival mode. US and EU debt have a strangle hold on their economy and Japan has begin selling off their debts. Japan being the third or 4th largest economy in the world will affect the US and EU markets.
2/ Disappointed July US job report send shockwaves globally of an US economic slowdown and recession.
3/Crumbling tech stocks. Microsoft is the lastest company to lay off over 80% of its staff. Part of a long list of companies over the last 2 years laying off hundreds of staff across industries.
The handwriting is on the wall.
1. The yen's only fallen back to where it was back in March. I follow the dollar/yen market pretty closely--it's one of the "majors" and it's interesting that it's correcting, but nowhere near historic or "crash" levels.
2. "Disappointing" jobs numbers aren't that big of a deal, either. The latest number is down to what would've been an average month under Trump, before the pandemic.
3. Microsoft did not layoff 80% of their workforce. Only about 3% over the past two years. Maybe you're thinking of Elon Musk's X.com, where he fired up to 75% of them, but that's Musk self-destructing, and not the US economy.
1/ "the yen's only fallen back to where it was back in March" has nothing to do with the fact that the yen has been decreasing steadily over the last 3 years, losing value. Japan has lost its position as the world 3rd powerful economy. With a declining yen, Bank of Japan did what was needed to stop its economy from collapsing which had a rippling effect on global stock markets with the NY stock exchange receiving the worst hit. 14B lost and thousands of investors wiped out in one day.
2/ I deal with facts not opinions or assumptions. How a disappointing US July 2024 job report that send shockwaves globally and rattled global markets with fears of a coming US recession has to do with Trump and a 2020 pandemic is beyond me.
3/ Git hub is a Microsoft company with 80% of its staff lay off. Links below detailing ongoing US job layoffs across industries:
https://usafacts.org/articles/which-industries-are-most-at-risk-for-layoffs/#:~:text=From%20January%20to%20March%202024,5.8%20million%20from%202001%E2%80%932023.
https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024
https://techcrunch.com/2024/08/15/tech-layoffs-2024-list/#:~:text=From%20major%20layoffs%20at%20Tesla,small%20fintech%20startups%20and%20apps&text=The%20tech%20layoff%20wave%20is,independent%20layoffs%20tracker%20Layoffs.fyi.
