HugoYYH
--
Bearish
March 10th U.S. stock market plummets! Even the cryptocurrency market has collapsed! It's painful
The U.S. stock market has plummeted again! The Dow, Nasdaq, and S&P 500 all took a dive, with tech stocks leading the way in pre-market trading. Nvidia fell by 4%, and Tesla fared even worse, getting crushed by the market. What’s the reason this time? The answer is so cliché it makes one want to roll their eyes — Trump has made another big move regarding tariffs. Not only did he impose a 25% tariff on steel and aluminum from China, Canada, and Mexico, but he also threatened to blacklist cars, chips, and even drugs. Brother, are you trying to give the global supply chain a collective “cold”? The market is terrified, investors see this situation and choose to flee, with risk-averse sentiment as thick as smog.
Economic data is also underwhelming; last week’s weak employment and manufacturing figures have yet to be digested, and this week they were slashed again by tariff policies. The Federal Reserve is even more “mysterious,” first stating there would be no interest rate cuts in March, then hinting that there might be two cuts within the year, leaving everyone with a head full of questions. This policy is changing more frequently than I binge-watch shows. What’s the result? The stock market is in a bloodbath, and the cryptocurrency market has suffered as well. The price of Bitcoin briefly fell below 80,000. Cryptocurrency enthusiasts were initially hoping for a rebound in the U.S. stock market to pull them up, but now they can only cry in the bathroom while holding K-line charts.
This plunge really has a sense of “global interconnectedness.” U.S. stocks are down, the crypto market is down, and Trump’s actions have practically turned Wall Street and the crypto world into “frightened birds.” Both the stock and crypto markets have put on a “tragic performance.” As for whether tomorrow will continue to fall or rebound? Who knows.
The only truth: a correction is not the endpoint of a bull market, but the starting point of wealth reallocation.
The U.S. stock market has plummeted again! The Dow, Nasdaq, and S&P 500 all took a dive, with tech stocks leading the way in pre-market trading. Nvidia fell by 4%, and Tesla fared even worse, getting crushed by the market. What’s the reason this time? The answer is so cliché it makes one want to roll their eyes — Trump has made another big move regarding tariffs. Not only did he impose a 25% tariff on steel and aluminum from China, Canada, and Mexico, but he also threatened to blacklist cars, chips, and even drugs. Brother, are you trying to give the global supply chain a collective “cold”? The market is terrified, investors see this situation and choose to flee, with risk-averse sentiment as thick as smog.
Economic data is also underwhelming; last week’s weak employment and manufacturing figures have yet to be digested, and this week they were slashed again by tariff policies. The Federal Reserve is even more “mysterious,” first stating there would be no interest rate cuts in March, then hinting that there might be two cuts within the year, leaving everyone with a head full of questions. This policy is changing more frequently than I binge-watch shows. What’s the result? The stock market is in a bloodbath, and the cryptocurrency market has suffered as well. The price of Bitcoin briefly fell below 80,000. Cryptocurrency enthusiasts were initially hoping for a rebound in the U.S. stock market to pull them up, but now they can only cry in the bathroom while holding K-line charts.
This plunge really has a sense of “global interconnectedness.” U.S. stocks are down, the crypto market is down, and Trump’s actions have practically turned Wall Street and the crypto world into “frightened birds.” Both the stock and crypto markets have put on a “tragic performance.” As for whether tomorrow will continue to fall or rebound? Who knows.
The only truth: a correction is not the endpoint of a bull market, but the starting point of wealth reallocation.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0