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Global stock markets plunge

Ahlevah

Ahlevah

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  • Stocks around the world are tumbling as fears about a US economic slowdown sent shockwaves of fear through global markets.
  • Japanese stocks suffered their biggest ever daily loss Monday. The Nikkei 225 index in Tokyo closed more than 12% lower.
  • The volatility spread to other markets in Asia and Europe, and US stock futures fell sharply Monday morning. Nasdaq futures were down 4.5%. Dow futures and S&P 500 futures were down 2% and 3.1% respectively.
  • Fears of a sharp slowdown in the US economy have raised expectations that the Federal Reserve will have to slash interest rates.
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“Sharp slowdown”? As in—*cough*—recession❓

Anyone think Kamala and Democrats will be trumpeting that booming stock market and economy as we head into the final stretch before the election❓
 
Stocks around the world are tumbling as fears about a US economic slowdown sent shockwaves of fear through global markets.

Clearly, it's global slowdown, so we're just a victim here. ;)
 
I'm guessing Trump will stop taking credit for the market now (as he did at the beginning of the year)...

THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP.​

In fact, he'll probably blame someone other than himself for it dropping.

Heads he wins, tails you lose.
 
"Recession" always happens before an astronomical growth that is many times greater than the 'recession' loses. Sucks, but good time are ahead of us.
 
The ISM Services Report will be released in about thirty minutes. If that’s positive that could put the brakes on this decline, at least for the moment before the margin calls come in. If not... well, we don’t want to go there. Kamala needs to pray it’s good news. ⛪️
 
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Taylor said:
Stocks around the world are tumbling as fears about a US economic slowdown sent shockwaves of fear through global markets.
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Lol

This has zero to do with the USA. This is precipitated by the Japanese and Chinese policies toward immigration while enduring population loss.

Know what you quote.
 
Powell waited too long to hike rates and he probably waited too long to cut them, too. Now you've got below-median households who are asset-poor and increasingly struggling to find work. Those with skills and education and who have assets or some sort of savings set up will probably feel just a bump. It's the voters who are more likely to vote for Harris who are going to feel the most pain, and considering she represents the incumbent administration, fairly or not, they're going to be looking at her, even if they don't necessarily blame her.
 
Clearly USA markets are reacting to the possibility the possibility of four more Democratic years under socialist Kamala Harris. This is sending dire ramifications across the world. Optimism has turn into caution. From nowhere a global recession is now a distinct possibility. There's no where to run & hide. All assets classes will be in trouble except cash. Good luck everyone.
 
multivita-man said:
Powell waited too long to hike rates and he probably waited too long to cut them, too. Now you've got below-median households who are asset-poor and increasingly struggling to find work. Those with skills and education and who have assets or some sort of savings set up will probably feel just a bump. It's the voters who are more likely to vote for Harris who are going to feel the most pain, and considering she represents the incumbent administration, fairly or not, they're going to be looking at her, even if they don't necessarily blame her.
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I dunno, the educated, suburban vote has become the Democratic stronghold, the Republicans have gone after the working poor vote and it's worked.
 
There does seem to be a large correction happening, even here in Canada my portfolio has taken quite a hit.

Is what it is, we’ll see where it lands.

As usual presidents often get too much credit and too much blame and partisans will do what they do, but thems the cards.

If the economy turns over, the Kamala change or not… Trump wins.

Is what it is.

Can’t beat fate.

People don’t always vote for their own interests.
 
NatMorton said:
Biden/Harris are only ever responsible for the stock market going up, never down. Just as they are only ever responsible for inflation going down, and never up.
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Your post shows a stunning lack of self awareness. I'm just pointing that out.
 
PoS said:
The dem's massive spending spree is finally catching up to them. You reap what you sow.
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It’s not as if congress critters had been frugal when Trump was POTUS - annual federal deficit (stimulus?) spending increased during every year of his term in office.
 
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