The US stock market has crashed! Amazon has evaporated $1.2 trillion, and is the crypto market also following suit with 'explosions'?
Last night, a 'financial tsunami' level panic struck global markets!
On August 1, local time, the Dow dropped 1.6%, the Nasdaq plummeted 2.3%, and the S&P 500 fell over 1.8%, with over 4500 companies in the market being bloodshed, and the seven tech giants collectively jumped off a cliff.
Amazon dropped over 7% at one point, evaporating $178 billion, equivalent to ¥1.28 trillion!
NVIDIA fell over 3%, with a market value disappearing by $140 billion.
Tesla and Meta dropped over 2%, and Apple, Google, and Microsoft were not spared!
Trigger: Trump's reciprocal tariffs + trade panic
On July 31, Trump suddenly signed an executive order for 'reciprocal tariffs', imposing tariffs of 10% to 41% on multiple countries and regions. Although it was postponed to take effect on August 7, the market had already panicked and fled in advance.
Even more explosive: he also warned that drugs, chips, minerals, and industrial products would also be taxed separately.
The narrative of tariffs has returned, and the market was directly scared into collapse. The dollar plummeted → gold prices soared → oil prices plummeted.
Risk aversion sentiment peaked, the dollar flashed crash, gold surged directly, and WTI crude oil dropped sharply.
The crypto market followed the US stock market's crash, and instantly went down with it: BTC briefly fell below key support, ETH also lost its previous high platform, and altcoins directly 'collapsed', with no resistance.
In the short term, market sentiment is still constrained by macro risks and policy uncertainty. At this time, chasing highs and cutting losses can easily backfire, and it is recommended to patiently wait for the market to reprice confidence.
Every major panic is a new watershed behind it.
What you need to do is not to act rashly, but to see clearly which are emotional sell-offs and which are trend reversals.
Don't rush; opportunities often slowly surface when others are most panicked.
The next wave of market action could take off at any time, but I won't wait for you. If you want to make trades and profit, come directly and claim your share!!
