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The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
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kettlebell : these people have never witnessed the degeneracy of our times.
ZhukovHatesPepsi OP kettlebell : Yeah, in his writing he did say something like our bull market was possible but I dint think he ever imagined the magnitude
This degeneracy has both made many winners and losers, and those who got in early have all taken profit and made out with nice wins. Now everyone is waiting to see where the buck stops
and for a cautious investor this is the worst
Coach Donnie : Investing > speculation
ZhukovHatesPepsi OP Coach Donnie : Not always but I would agree with you generally, Investing is far better than speculation and should be the route most people take.
But like what wallstreet, insider traders and market movers make their money from is all speculative trading. They will get returns that will exceed ours but they also have more risk of losing it all.
But then there is also the opposite end of the Spectrum, Warren Buffet a true investor and his returns have even beat passive S&P 500 etfs, and those etfs beat hedgefunds.
But at the end of the day in our little corner of the world it is best to adopt an investor approach.
Coach Donnie ZhukovHatesPepsi OP : Indubitably Indeed