Economy
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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
The markets are going through some serious drama right now, and everyone’s asking the same question: What’s behind this mess?
Let’s start with the big one—recession fears. Last Friday, the US jobs report came out, and it was a lot weaker than anyone expected. We’re talking about a noticeable slowdown in hiring and a jump in unemployment. That’s got investors worried, thinking the US economy might be heading into some rough waters.
The concern is that the Federal Reserve might’ve kept interest rates too high for too long, and now the economy’s feeling the pinch. And when the biggest economy in the world starts showing signs of trouble, it’s no surprise that markets start to wobble.
Japan’s market took a big hit, too. Their index dropped more than 12%—the worst since the 1987 “Black Monday” crash. What’s causing this? Well, the Bank of Japan recently hiked its main interest rate to 0.25%, which is the highest it’s been since 2008. This move made the yen skyrocket, and that’s bad news for Japan’s export-heavy economy.
With the yen surging, a lot of investors had to unwind their bets on borrowing in Japan to invest elsewhere—a move known as the carry trade. This unwind only added to the chaos, making Japan’s market selloff even worse.
This selloff isn’t just Japan’s problem—it’s spilling over into the US and European markets too. The S&P 500, which had been riding high a few weeks ago, has now dropped over 8% since July. Investors are starting to question the soft landing they were hoping for. Instead, it’s looking like things might get much worse.
Everyone’s keeping a close eye on the Federal Reserve. They’ve held interest rates at a 23-year high, but with the recent weak jobs report, there’s growing concern that they might’ve missed the window to start cutting rates.
Markets are now pricing in multiple rate cuts before the year is out, and some traders are even betting on an emergency cut before the Fed’s next meeting in September.