How will the stock market crash impact the elections?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Japanese markets just dropped the largest amount in their entire history. South Korea had to halt all trading. Futures for the US markets look ugly. Who knows how far the US markets will drop today, but a crash will signal a complete collapse of economic confidence and more fears of a a global recession. This will have tremendous impact on the election as American lose trillions of dollars of wealth and potentially many jobs over the next few weeks.

Who will this hurt the most?

Trump appointee Jerome Powell is doing the work of his overlord. Rate cuts should have already happened, so if there is economic deterioration, it is on the Fed.

Wrong dimwit. Biden re-hired Powell. He could have hired Brainard. Nice try trying to blame Trump. Powell is all on Biden, because Biden re-appointed him.

[Anonymous]

It hurts the current administration and in this case Harris.

[Anonymous]

Anonymous wrote:Futures are down less than 4%. Certainly not great, but not a crash by any means.

NASDAQ futures are down almost 6%. Google is down almost 10%, apple 10%, Microsoft 10%...these are all the heaviest hitters in the market and in everyone's portfolios.. Trillions in wealth about to go up in smoke..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

💀 Jobs

I remember much bigger losses under Trump.

Due to Chinese COVID and demands from Dems to shut down the entire economy.

Trump was president and shut down the economy. Stop blaming Dems.

And every time he talked about reopening it the Dems flipped out and kept it closed to the max extent they could. Last I knew Trump was not the governor of NY, CA, VA etc. However the red states reopened pretty quickly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Futures are down less than 4%. Certainly not great, but not a crash by any means.

NASDAQ futures are down almost 6%. Google is down almost 10%, apple 10%, Microsoft 10%...these are all the heaviest hitters in the market and in everyone's portfolios.. Trillions in wealth about to go up in smoke..

This seems like an AI bubble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Japanese markets just dropped the largest amount in their entire history. South Korea had to halt all trading. Futures for the US markets look ugly. Who knows how far the US markets will drop today, but a crash will signal a complete collapse of economic confidence and more fears of a a global recession. This will have tremendous impact on the election as American lose trillions of dollars of wealth and potentially many jobs over the next few weeks.

Who will this hurt the most?

Trump appointee Jerome Powell is doing the work of his overlord. Rate cuts should have already happened, so if there is economic deterioration, it is on the Fed.

Wrong dimwit. Biden re-hired Powell. He could have hired Brainard. Nice try trying to blame Trump. Powell is all on Biden, because Biden re-appointed him.

President nominates. Senate confirms. Bankers win.

Remember how so many people were freaked out about pumping too much free money into the economy during Covid? All the predictions of how it would erode the foundations of the American economy?

Kind of looks like all that money just self destructed

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Futures are down less than 4%. Certainly not great, but not a crash by any means.

NASDAQ futures are down almost 6%. Google is down almost 10%, apple 10%, Microsoft 10%...these are all the heaviest hitters in the market and in everyone's portfolios.. Trillions in wealth about to go up in smoke..

This seems like an AI bubble.

Meaning AI analysis is driving the drop or AI companies are dropping?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Losses are not real until they’re realized. I plan to cash out in 30 years so I don’t care about short term fluctuations

You will when this crash causes massive jobs losses and you struggle to make payment on your rent/mortgage.

I’m a federal employee. If I go down we all go down. Until then, I’ll happily pay my mortgage and you might not. Toodles

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Japanese markets just dropped the largest amount in their entire history. South Korea had to halt all trading. Futures for the US markets look ugly. Who knows how far the US markets will drop today, but a crash will signal a complete collapse of economic confidence and more fears of a a global recession. This will have tremendous impact on the election as American lose trillions of dollars of wealth and potentially many jobs over the next few weeks.

Who will this hurt the most?

Trump appointee Jerome Powell is doing the work of his overlord. Rate cuts should have already happened, so if there is economic deterioration, it is on the Fed.

Wrong dimwit. Biden re-hired Powell. He could have hired Brainard. Nice try trying to blame Trump. Powell is all on Biden, because Biden re-appointed him.

President nominates. Senate confirms. Bankers win.

Remember how so many people were freaked out about pumping too much free money into the economy during Covid? All the predictions of how it would erode the foundations of the American economy?

Kind of looks like all that money just self destructed

You mean all of those checks with "Donald J. Trump" in the signature block weren't anything more than fancy food stamps?

[Anonymous]

Crash? I'm up 2% today

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Japanese markets just dropped the largest amount in their entire history. South Korea had to halt all trading. Futures for the US markets look ugly. Who knows how far the US markets will drop today, but a crash will signal a complete collapse of economic confidence and more fears of a a global recession. This will have tremendous impact on the election as American lose trillions of dollars of wealth and potentially many jobs over the next few weeks.

Who will this hurt the most?

Trump appointee Jerome Powell is doing the work of his overlord. Rate cuts should have already happened, so if there is economic deterioration, it is on the Fed.

Wrong dimwit. Biden re-hired Powell. He could have hired Brainard. Nice try trying to blame Trump. Powell is all on Biden, because Biden re-appointed him.

NP- Powell is good. He's not popular because he has a crap job making tough decisions, but he does what he needs to do.

[Anonymous]

Anonymous wrote:I blame Trump!

Was this orchestrated by billionaires like Elon to benefit Trump?

[Anonymous]

It's always the other guy's fault.

[Anonymous]

This is the result of the unwinding of the yen carry trade (where traders borrow cheap yen at 0% interest rate and invest in US equities and bonds at a risk free rate of 5.25%+). The BoJ raised rates last week and the Fed is definitely starting the rate cuts in September. The JPY and USD are starting to get back to parity; Japanese goods and tourism won't be as cheap anymore for US buyers.

Those traders engaged in the yen carry trade are closing out their positions before they get destroyed. So they sell their US assets (read: stocks) in order to pay back their borrowed money from Japanese banks before the yen gets even more expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Futures are down less than 4%. Certainly not great, but not a crash by any means.

NASDAQ futures are down almost 6%. Google is down almost 10%, apple 10%, Microsoft 10%...these are all the heaviest hitters in the market and in everyone's portfolios.. Trillions in wealth about to go up in smoke..

This seems like an AI bubble.

Meaning AI analysis is driving the drop or AI companies are dropping?

There's no drop in demand for AI from anywhere inside the sectors actually using AI.