CryptoEcon
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📉 Oh, the stock market rollercoaster! 🎢 This week, investors were left clutching their wallets as all major indexes took a nosedive. The S&P 500 dropped nearly 2%, while the Nasdaq and Dow weren't far behind. The culprit? Inflation data that had investors running for the hills. The core PCE rose 0.4% in just a month, hitting 2.8% year-over-year, far above the Fed's 2% target. 😬
Meanwhile, UBS decided to rain on the parade by cutting its S&P 500 target, blaming tariffs and policy uncertainty. Even tech stocks, usually the market darlings, took a beating. With inflation, tariffs, and weak sentiment forming a triple threat, it seems the stock market's crystal ball is looking rather cloudy. 🌧️
As the Fed holds steady, investors are left wondering if patience is truly a virtue. Until clarity emerges, expect more market turbulence and keep those seatbelts fastened! 💺
Meanwhile, UBS decided to rain on the parade by cutting its S&P 500 target, blaming tariffs and policy uncertainty. Even tech stocks, usually the market darlings, took a beating. With inflation, tariffs, and weak sentiment forming a triple threat, it seems the stock market's crystal ball is looking rather cloudy. 🌧️
As the Fed holds steady, investors are left wondering if patience is truly a virtue. Until clarity emerges, expect more market turbulence and keep those seatbelts fastened! 💺
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