MARKETS ARE CRASHING & I BOUGHT THE DIP...
In a Nutshell
Markets crashed with $1.6T erased as the NASDAQ hit lower lows, driven by stronger-than-expected jobs data shifting Fed expectations toward rate hikes instead of cuts. Oil dropping alongside stocks points to domestic factors, not Middle East tensions, while Mag 7 names like Tesla fell 5-15% amid broader fear. The host sees markets as oversold enough for a potential dip-buying bounce but warns this could mark the start of a real reversal after weeks of irrational bullishness.
These notes were generated by AI and may contain inaccuracies.
Happy Tuesday. It's Ricky with Tech Solutions. Over 1.6 trillion has been erased from the US stock market in the last 90 minutes. The NASDAQ is showing consistent lower lows and lower highs, very similar to the pattern seen on Friday.
Markets haven't been this bearish or seen this much fear in some time. This is not just because of what's happening in the Middle East. US oil funds show oil itself was down, though it began to uptick a few minutes ago. Oil is bearish because the Iran deal was imminent and likely to happen, as Trump promised yesterday. Trump has been sharing this for the past 8 to 9 weeks, which has been propping up the markets higher. If oil is dropping, it's not about the Middle East and more about what's happening domestically.
The big focus right now is the labor market. More jobs were created than expected, causing a shift of sentiment. The Federal Reserve is now expected to raise interest rates instead of cutting them. This is instilling fear in the market. When they raise interest rates, it makes it more expensive for people and businesses to borrow money. No one wants to borrow money when trying to grow a company, so this acts as a negative catalyst for growth.
This is now two days in a row. The NASDAQ market is down 3.67%. It's 6:50 a.m. in Hawaii, and markets open at 3:30 a.m. there. Markets are oversold enough that they could begin to recover. On Friday, markets sold off significantly. Markets were only one tweet away from Trump to prop them back up.
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