What a way to welcome and start the month of September. After a long weekend in the US stock market, investors saw a sell off when the market opened on Tuesday.
All 3 indexes clocked their worst days since the global sell-off on 5 Aug. All Mag 7 were down, with Nvidia plunging more than 9%
New manufacturing data shows signs of weakness, which could have reignited concerns on slowing growth within the US economy.
Maniac Fool : They are forcing a confirmed rate cut but then Powell noted earlier … the looming cut is just so elusive that the market wants action haha
Silverbat : Another wonderful September, started with “buy the dips!”
OnlyMonkey Silverbat : Recession
Silverbat OnlyMonkey : “ Structural inflation”?