Mohamed El-Erian Cautions Inter-Meeting Rate Cut Has High Risk Of Being 'Counterproductive,' Says Jerome Powell Has Opportunity At Jackson Hole To 'Regain Control Of The Narrative'
8/7 [Strength and Weakness Material]
[Bullish Materials] The Nikkei average is rising (34,675.46, +3,217.04), the Dow Jones Industrial Average is rising (38,997.66, +294.39), the NASDAQ Composite Index is rising (16,366.86, +166.77), the SOX Index is rising (4,567.57, +48.12), the VIX Index is decreasing (27.71, -10.86), the US crude oil futures are rising (73.20, +0.26), expectations of inflation moderation in the USA, vigorous share buybacks, and the improvement of corporate value by the Tokyo Stock Exchange.
8/6 [Strength and weakness material]
[Bullish/Bearish Factors] Bullish factors: USD exchange rate at 143.80-90 yen, Chicago Nikkei futures rose (33,190, Osaka +1810), U.S. long-term interest rates decreased, expectations for inflation stabilization in the U.S., active share buybacks, request from TSE for corporate value enhancement. Bearish factors: Nikkei average down (31,458.42, -4451.28), NY Dow down (38,703.27, -1033.99), Nasdaq Composite Index down (16,200.08, -576.08), SOX index down (451.
"Black Monday" triggers panic! Retail investors rush to sell, and US brokerage websites are crashing one after another.
The US stock market ushered in a 'Black Monday', causing panic among American retail traders on Monday morning. Website monitoring institution DownDetector reported that as a large number of users tried to log in to their accounts and sell stocks, brokerage websites such as Charles Schwab, Fidelity, TD Ameritrade, Vanguard, and E-Trade began to crash before market opened.
Express News | Small Cap Russell 2000 Index Hits Seven Week Low, Last Down 5.6%
Dow Futures Sink About 350 Points After a Painful Week on Wall Street
