A powerful fall in stock market indices caused by a “bubble” of mega-capitalization stocks is dragging the whole world down
Market Reviews
• The stock market was hit by a powerful correction, the largest since 2022. Only XLU and XLV increased in price, and XLE also remained at zero. Investors began to fear a recession. And the biggest sales hit came from AI and Growth theme stocks, which gained the most in 2024. The Magnificent Seven shares suffered their biggest decline since the launch of ChatGPT - their value fell by $1.7 trillion in 2 weeks.After a weak auction of 5-year government bonds, long-term US government bonds also fell in price.In the morning, gold is 2% cheaper. Bitcoin is again trampling 64...