Holding up relatively well despite the negative stock market headlines etc.
I missed the news lately, but what's going on? Intel lost a third in value, anything else I checked is down too. Meanwhile inflation is going up again since ECB lowered it's interest.
Bad job report data in the US.
From what I've seen, even when job reports are good they are almost always revised down later.
Doesn't surprise me though, also here in the UK I'm being bombarded with recruiters trying to throw their candidates at me,
more so than before.
The jobs report was bad and so was Intel saying they were laying off a massive number of people. Add to that Kamala Harris is being touted in the media as the next likely President and it just makes sense to take profits here. Like when Bitcoin was in the 70s before mtgox started distributing. I don’t necessarily see the market changing direction yet, but clearly the big boys are taking profits. When this happened in 2007, it was a few months after the first rate cut when it became clear to everyone what was happening and the market plummeted. I suspect something similar here so a recovery and even new highs could be in the cards before the big drop.