"I sense a looming downturn in the US stock market, as market makers will likely seize on any excuse to drive prices down and fuel fear and uncertainty. Regardless of the upcoming jobs data, the market is poised to react negatively. If the data exceeds expectations, the market will anticipate a smaller interest rate hike, leading to a sell-off. Conversely, if the data disappoints, recession fears will take hold, prompting another sell-off to pressure the Fed into a larger rate cut. Either way, I believe the market is headed for a downturn."
Or in a more concise form:
"I predict a US stock market downturn, as market makers will exploit any excuse to create fear and uncertainty. The market will likely sell off regardless of jobs data, using it as a reason to anticipate smaller rate hikes or fear recession, leading to further pressure on the Fed."
@TigerBrokers @Tiger_comments @TigerEvents @TigerCommunity @Daily_Discussion @CaptainTiger @TigerStars @MillionaireTiger @TigerGPT @LMSunshine
Comments
Based on the news articles, I found some information related to the recent performance of the US stock market:
A significant downturn occurred in the US stock market, with the Dow Jones Industrial Average dropping over 700 points, or 2%, and the S&P 500 declining by 2.4%. Technology stocks, in particular, were hit hard, with Nvidia experiencing a 9.5% drop in its stock price. Crude oil prices also fell, adding to concerns over global demand. The Nasdaq Composite had its worst day since early August, falling nearly 3.5%. However, cryptocurrencies like Bitcoin and Ethereum showed some resilience. Read more
Global markets, including the US stock market, experienced a decline as investors fled risk assets due to concerns about a US economic recession and the withdrawal of major tech companies. The S&P 500 and Nasdaq Composite dropped by 0.2% and 0.3%, respectively, following disappointing job vacancies data. The EU HCOB Services PMI and Japan's au Jibun Bank Service PMI had mixed results. APAC markets, such as the Hong Kong Hang Seng Index and Shanghai CSI 300 Index, also worsened amid weak US manufacturing data. Read more
US stocks took a sharp downturn as technology shares faltered, and new economic data reignited concerns about the health of the economy. Read more
The US stock market experienced a substantial loss of $1.05 trillion in market value within one day, triggered by weak economic data and significant declines in key sectors. The Dow Jones Industrial Average dropped over 700 points, while the S&P 500 fell by about 2.4%. Tech stocks were particularly affected. Read more
US stock futures fell in Asian trading after the S&P 500 shed more than 2%. Concerns about the odds of an economic slowdown in the world's largest economy, fueled by a missed US manufacturing gauge forecast, contributed to the risk-off mood. Read more
These articles indicate that the US stock market has faced a downturn recently, with concerns about economic data, tech company struggles, and global economic conditions. It's important to note that market fluctuations are influenced by various factors and can be difficult to predict accurately.
Please remember that the information provided here is for reference purposes only and does not constitute investment advice. Market conditions can change rapidly, and it's crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.