Market weekly recap

LET’S RECAP:

- Stock market saw BOTH its worst and best day in a year this week

- S&P closes the week down just -0.04%

- NASDAQ officially enters correction territory

- U.S. recession confirmed by Sahm rule trigger

- VIX skyrockets +280% to 65—near record high

- S&P liquidity index drops worst since 1996

- Trump to be interviewed by Elon Musk on X Monday

- SocGen: Investors unwind biggest carry trade ever (size of yen carry trade? $20 TRILLION!)

- U.S. credit card debt hits record; delinquencies highest in over a decade

- Canada’s youth unemployment jumps to 14.2%—unprecedented outside a crisis

- U.S. debt reaches record +$35 trillion

- Global central banks cut rates 35 times in 3 months—fastest since COVID

- Japan's stock market sees 2nd-largest drop in history

- U.S. recession odds double, say prediction markets

- Bumble dumps -25% in 2 days, down 91% from IPO

- Google loses DOJ antitrust case, $300B revenue at risk

- On Monday, a 60% chance of an emergency rate cut was priced in—now down to 40 bps for September

- Berkshire Hathaway sells record amount of stock last quarter (sells 50% of Apple)

- Berkshire hits record $277B cash

August P/L Challenge: How Many Trades Have You Made?

How did you break the August curse? Do you have any tips to share with other Tigers? How many trades did you make in August?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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