To me I think could be:
Tech stocks are highly overpriced hence due for a steep correction.
Stock market has priced in the rate cut in Sep
Weakening economy in certain sectors, lower PPI, higher unemployment rate.
US debt in the trillions
Too much money still circulating the market
The Fed cut is to soften the hard landing which is to say the economy is slowing down
China recovery is not there yet and slow despite lax measures Implemented for banks
Geopolitical tensions may explode anytime particularly Russia and Middle East
Consumers are spending less due to high interest rate environment in some countries.
Warren Buffett liquidated Apple stocks by more than half?
So, the environment is very ripe for another steep sell off!!
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