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#US#stocks selloff deepened : S&P 500 and NASDAQ sankย more than 2%ย and the dollar index weakened to the lowest level since March 2022. #Gold rallied to a record above $3,4154 (+2.5%) and has jumped about 29% since the start of the year.
๐จ๐บ๐ธ๐๐ฅ๐๐๐๐๐ก๐...Trump Studying Whether To Fire Jerome Powell
#Donald Trumpย warned the #US economy may slow if the FED does not move to immediately reduce interest rates, in his latest tweet against #Jerome#Powell.
๐จHedge funds dumped global stocks at the fastest pace on record:
Institutional investors sold the most stocks in at least 15 years on Thursday, according to Goldman Sachs data.
Over 75% of selling was in US stocks.
The S&P 500 fell 17.4% and is on the verge of a BEAR MARKET.
๐บ๐ธ#BREAKING: Commerce Sectary Howard Lutnick says "there's no #postponing tariffs" and "tariffs are going to stay in place," per a CBS News interview.
๐จ๐บ๐ธ THIS TIME IS DIFFERENT:
The S&P 500 dropped 10.5% over the last 2 days, the BIGGEST two-day drop since the 2020 CRASH.
Back then the Fed conducted the LARGEST financial system bailout in HISTORY.
This time, it won't happen as they are still afraid of elevated inflation.
๐บ๐ธ๐จThe onset of the 2000 Dot-Com Bubble burst looks like peanuts compared to this:
Magnificent 7 stocks shed $4.5 trillion in market cap since their December peak, or 28%.
By comparison, the total value lost in the 2022 bear market was $5.5 trillion in over 12 months.
Crazy.
#US stock futures tumbled more than 3% after President Donald #Trump outlined a slate of #tariffs on US trading that raises the likelihood of a full-blown trade war that could plunge the #US#economy into a recession.
The S&P 500 fell 3% while Nasdaq 100 contracts sank 4%.