The Nikkei 225 (
NI225.IDX) plummeted by 12.4% on Monday 5th August 2024, exacerbating a global market downturn triggered by investor fears that the U.S. economy might be on the brink of a recession. The jobs report released on Friday (and as we reported) indicated that U.S. employers hired far fewer workers last month than anticipated, causing turmoil in financial markets and erasing the euphoria that had propelled the Nikkei 225 to record highs of over 42,000 in recent weeks.
The news, as we have been warning clients, has been expected for several weeks now when we look at the data coming from Aeryn (the AI model). The depth of the sell-off being the only unknown. We are not surprised and so we would advise you to continue to check your daily emails for continued advice.
As we are writing this the S&P 500 is down 200 points, the Dow Jones down nea ...
Sign up to read the entire article. It's Free and Simple to sign up!
We are offering a
FREE 30 day trial which includes full access to the following services here at investorAi.
You only need an email address to sign up! You will NOT be billed at the end of your trial unless you wish to begin a subscription.