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U.S. stock market loses $5 trillion in value in three weeks (www.cnbc.com)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

The U.S. stock market has lost over $5 trillion in value in three weeks as the S&P 500 fell 10% from its record high.

The decline, driven by concerns over Trump’s trade policies and slowing economic growth, has led to weaker consumer sentiment and cautious corporate outlooks.

Barclays strategist Emmanuel Cau noted rising uncertainty among investors.

The selloff has also hit AI-related stocks, with Nvidia down 17% and the Magnificent Seven ETF falling 16%.

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[–] djsoren19@lemmy.blahaj.zone 2 points 6 days ago

I mean, if you did the smart thing and followed the billionaires, you should have sold off during the bump in January and converted to holding cash. Even if you're just buying a 15% dip, you'll still be able to make an easy 40-50% increase once the markets correct.

Personally, I think the bottom is a lot lower than this, so I'm willing to wait a bit longer, but financial markets are literally where you want to catch a falling knife. Orrrr the markets will collapse, and the dollar will lose all value, at which point where you bought the dip isn't gonna matter.