Tech Rout amid Meta drop $252 billion in value biggest wipeout in history eased afterhours as Amazon Q4 earning released. All the asset classes still dropping in synch and quite possible the down trend will continue as we are entering the tightening cycle. Bitcoin as the most overvalued asset still can’t prove itself as inflation hedge and leading the plummet. …
Tag Archives: US indeces
The End of January Rebound, But Still Stocks Suffer 6% Drop in January
Wall Street rose at the end of the day, helped by a rise in European stocks earlier in the day. This stabilized investor sentiment after a series of volatile sessions. Investors say that the outlook for stocks is still a little iffy because other central banks are tightening their policies and oil prices have gone up again, which makes inflation …