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Will a bloody storm arise again in the US stock market? The largest "Triple Witching Day" in history is coming!
On Friday, Eastern Time, the US stock market will face "Triple Witching Day," with $6.6 trillion in Stocks, ETFs, and Index-related Options about to expire, potentially becoming the largest in history. "Triple Witching Day" coincides with a critical period following the Federal Reserve's "hawkish rate cut" that triggered a sell-off in US stocks, and the USA will release important PCE data, which is expected to cause significant market fluctuations.
The "hawkish" rate cuts by the Federal Reserve have frightened Wall Street, and the bullish investors are refusing to buy on the dips.
After nearly two years of an almost unparalleled bull market in history, the stock market is in a dangerous position.