Post on Medial

Anonymous

Anonymous

Stealth • 3m

A brief summary of "Black Monday" on global markets for those who missed everything or don't want to scroll through their feed. You're welcome (or not): 1. The U.S. Federal Reserve previously refused to lower the key interest rate until September. The next day, poor employment and economic data were released, indicating that the economy is cooling. Many believe that the Fed delayed the rate cut too long. Traders are on edge. 😬 2. The Bank of Japan unexpectedly raised its key interest rate from 0.1% to 0.25%. The yen's exchange rate plummeted along with government debt. The central bank tried to stabilize the situation, and the yen responded by rising from 160 to 140 yen per dollar. But traders were spooked, as the export-oriented economy is not prepared for such a strong yen. 💹 3. The Japanese market opened with a steep dive of -12.40%. This is the largest drop since 1987. 📉 4. The shockwaves hit Asian markets—South Korea and the rest of Asia tumbled by 10%. In some places, trading was even halted. 🌩️ 5. Europe woke up next and fell by 3-6%. They got off relatively lightly. 😓 6. But the U.S. didn't fare as well—$2 trillion in market capitalization was wiped out in the first 15 minutes of trading. Fears of a recession are high. 😨 7. The U.S. Treasury denied the start of a recession but noted that the country is "uncomfortably close" to one. This reassurance didn't help—S&P 500 dropped by 3.18%. It might not seem like much, but it has been falling all last week as well. 🚨 8. The market heatmap—everything is red, and there's no end in sight. 🔥 9. Intel's CEO, facing a 36% drop in stock prices, prayed openly on Twitter. 🙏 10. The Fed refused to convene an emergency meeting to lower the rate. This means—it’s not over yet. Tomorrow will be crucial. 😬

7 replies12 likes
1
Replies (7)

More like this

Recommendations from Medial

Shubham Khandelwal

Stealth • 4m

Japanese Yen falls to its lowest level against the U.S. Dollar since the 1980s after crossing the 160 level.

0 replies4 likes
Image Description

RootDotAi

Stealth • 8m

Here's a Summary of the FED decision on March 20, 2024: 1. The Federal Reserve keeps interest rates steady at 5.50% for the fifth consecutive meeting. 2. The Fed maintains its anticipation of three interest rate reductions in 2024. 3. The proje

See More
2 replies6 likes
1
Image Description
Image Description

Yash Barnwal

Stealth • 1m

"U.S.-India Trade 2023: India’s exports to the U.S. totaled $75.8B, led by precious stones and machinery. U.S. exports to India reached $40.1B, driven by fuels and machinery."

5 replies9 likes
Anonymous
Image Description
Image Description

We Have a Breakthrough - The U.S. National Debt Has Surpassed $35 Trillion. 📉 Since January 2020, the U.S. economy has grown by 31%, while the debt has increased by 50%. The borrowing rate exceeds the real economic growth, and the U.S. is clearly l

See More
2 replies6 likes
1

Jaswanth Jegan

Stealth • 4m

Even Brokerages are ready to serve Retail Traders by Zero brokerage but not the regulators 🥲

0 replies8 likes
Anonymous

Budget 2024: 🔴‼️ In a significant blow to Futures and Options (F&O) traders, Finance Minister Nirmala Sitharaman declared raising the STT rate from 0.01 percent to 0.02 percent. So, after implementing this budget proposal equity and index traders

See More
0 replies5 likes
Image Description

Rajan Paswan

Stealth • 6m

What If the USA Filed for Bankruptcy Today? If the United States declared bankruptcy today, the immediate effect would be catastrophic. The value of the U.S. dollar would plummet, triggering a global financial crisis. Banks worldwide would face inso

See More
3 replies5 likes
Anonymous
Image Description
Image Description

Warren Buffett has sold Apple shares worth a record $76 billion. 📉 This represents 49% of the shares in his portfolio, and the cash balance of his company Berkshire Hathaway has risen to $277 billion — a record high. 💵 Buffett anticipated a U.S.

See More
4 replies17 likes

financialnews

Stealth • 13d

The Federal Reserve Cut The Intrest rate for the second consecutive time by 25 basis points to a range of 4.5% To 4.7%

0 replies3 likes
1

Sunil Huvanna

Stealth • 3m

Story of Powerfull People Making Places Powerfull - Traders, Merchants & The Rich.

0 replies10 likes
5

Download the medial app to read full posts, comements and news.