ALERT: Over $400 Billion Has Been Wiped Out From US Markets
In a Nutshell
Markets dipped after Iran threatened to close the Bab el-Mandeb Strait and South Korea raised rates, wiping $400 billion from US indices, with semis and memory-chip stocks hit hardest. The Nasdaq is still holding its 700–740 range, so the speaker sees no reason to panic unless support breaks. Key takeaways: avoid leverage, take profits at first sign of resistance, and stay disciplined when volatility spikes.
These notes were generated by AI and may contain inaccuracies.
Happy Thursday. Markets were up a little bit over $5,000 on the day. Every trade taken was caught in the live trading session with the LPP team. If part of the LPP team, rewatch today's live session. If not part of the team and want to watch the live session, message on Instagram via the third link in the description.
Focused on mistakes made yesterday. Started the morning $3,000 in the hole after a series of bad trades, then spent all day recovering to finish $3,000 in the green. It felt exhausting. Today, within the first hour, was up over $4,000 by focusing on position size, confirmation, and not being greedy by taking profits at any indication of resistance. Especially when there's a lot of uncertainty in the market, when in doubt, never be afraid to cash out.
The Nasdaq market is down 1% on the day. There is no break of pattern. The Nasdaq is still consolidating within its range of support at 700 and resistance right around 740. Until that support is actually broken, there is no true reason to panic. Markets are still holding up.
$400 billion has been wiped from the US market after Iran threatened to close the Bab el-Mandeb Strait. Tensions in the Middle East are escalating.
Semiconductors are getting beat even harder due to unfortunate news from the South Korean market. The South Korean Central Bank raised interest rates for the first time in over 3 years. The South Korean KOSPI index fell another 7%. There has been significant volatility within the South Korean market, largely due to its influence in the semiconductor and memory chip space. As that was announced, markets began to fall, especially semiconductors and memory chip stocks in the US markets.
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