A $5 trillion 'wealth shock' is cracking Americans' nest eggs
So far in 2022, the $S&P 500 Index (.SPX.US)$ was down 18%, the $Nasdaq Composite Index (.IXIC.US)$ lost 27% and a Bloomberg index of cryptocurrencies plunged 48%. That all counts to "a wealth shock that is set to drag on growth in the coming year," JPMorgan economists led by Michael Feroli wrote in a note Friday.
So mooers, do you think the stock market's plunge will affect your future spending?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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宋珍111117 : Go short.
搞经济 抄底 加仓 : Don't be a pussy, we'll buy it when they say they sell. That's for sure.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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102606727 :
Heartstrings : thanks for the share
jwl8338 : will be cautious in my investments.Getting rid of lagers.And small positions.Buying Biotechs.Energy,and next gen cryptos.
Canopus : The collapse of the stock market will certainly affect our consumption habits, if we can save.
Moneymonkeysays : CLOSE your shorts hedgefunds, market makers, and institutions. your bets against American companies and the market at large are the reason we refuse to sell. And AGAIN FYI IT COSTS US NOTHING TO HOLD. costs you everything apparently.
earning cash : When you want to go short, go long.
philosophical finger : Won’t affect me as much. Since I’m not a billionaire
wendytan :
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