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Posted on 08/04/2024 6:51:20 PM PDT by NohSpinZone
Asia-Pacific markets continued Friday’s sell-off as investors awaited key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India.
At these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11.
Monday’s decline follows Friday’s rout when Japan’s Nikkei 225 and Topix fell more than 5% and 6%, respectively. The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020.
In early Monday trading, the yen also strengthened to its highest level against the dollar since January, and was last trading at 145.42.
On Monday, S&P Global will release service sector activity figures for countries around the region, including India and China.
(Excerpt) Read more at cnbc.com ...
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Buffet sold half of their iPhone stock last week.
WWIII not likely. No one will survive it. I don’t think democrats are ready to die.
Kamala learned how Biden ran in 2020. He hid in basement most of the time. Kamala will give no interviews, will not debate on Fox News, and media will keep the honeymoon going. Most voters get news from media, not FR. First women president possibility has excited many women.
Unless Trump spends a BILLION or more getting message out about how extreme lefty liberal Kamala is, masses of low info voters will never find out.
Add to that the perfected cheating system in most large cities controlled by democrats.
Look at the chart of P/E ratios over 20 years. It is currently overvalued based on history. Money printing is the main driver behind inflating stock and real estate prices. Excess money has to go somewhere.
However the interest to service the national debt is now biggest spending item in budgets. Even a small slowdown in tax revenues from a mild recession will balloon deficts and pad national debt quickly.
You said SPX is down only 0.88%. I corrected you with 1.5% number for futures. SO you were off almost by 90%.
lol. the chart was delayed. you want a medal?
earn it. what’s the 90 day volatility? if it’s greater than 1.5%, then you can worry yourself to sleep. otherwise, meh.
What’s triggering all this?
Yeah, I know everything that’s been done the past 4 years, but what is triggering this fall today!
This isn’t due to a jobs report. It’s due to investors pulling money out of the market due to impending conflict in the Middle East. They’re going to jump back in buying warmonger stocks.
Bitcoin is down 22% in one week
As I write this - 11:00 PM PST - the Nikkei is down 12.6%.
Bitcoin is at $52,700.
Ten days ago, Bitcoin was just shy of $70,000.
Great call, T.B. Yoits.
I advise everyone to buy Boeing, which is the #2 Defense related corporation in the USA.
At 6 a.m. NAS100 is now down 850 points or 13.7%.
What is inaccurate? Trumps trouble in the polls? Vance? The shooting out of the cycle?
Unpleasant reality is still reality
“...30million illegal aliens who don’t even have jobs...”
And never will!
Wars, rumors of wars, white supremacy, homophobia about the Olympics, Islamophobia, globalism, mercantilism, blah blah blah...
I don’t live in the echo chamber.
Really> because you stated Trump did not want to debate Harris when he had literally challenged her to debate, well before you posted that comment. You also don’t live in reality or follow any current news, guess you just make it up as you go along.
ruh-roh
Maybe the Fed will lower the interest rate .001%. /sarc
Thank God.
. Crypto is finished. WWIII more likely than any time since 1989.
Okay, it's strapped on. Now what?
Read how it is being spun.
She offered ABC. Trump said no. SO the headlines are “Trump refuses to debate Harris!”
Yes Trump has a lawsuit with ABC. Yes that is hostile ground. But right now, Trump is being hit in the polls and need to get her on a stage and start talking. That may swing things.
SO you repeat the lie that Trump does not want to debate Harris.
It is a very different thing to say Trump want’s to debate in a fair setting as opposed to Trump won’t debate Harris, sorry my assessment stands, your post was nonsense.
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