20 min listen
MM064: Why have stocks tanked this week?!
FromMarket Maker
ratings:
Length:
48 minutes
Released:
May 6, 2022
Format:
Podcast episode
Description
On Thursday, the Nasdaq closed the session down 5%, marking the biggest single-day plunge since June 2020. YTD stocks like Netflix are now down nearly 70% and even tech giant Amazon has shed over 30% in the past four months.So why has the selling pressure intensified this week? What should we take away from the comments from Fed Chair Jerome Powell at the FOMC meeting and is a recession now all but a foregone conclusion?In this episode, we aim to address these questions and tackle the big one - What happens next?!Piers LinkedIn https://www.linkedin.com/in/pierscurran/Anthony LinkedIn https://www.linkedin.com/in/anthonycheung10/Market Maker daily newsletter https://amplifyme.com/market-makerFinance Accelerator simulation https://amplifyme.com/course/finance-accelerator Hosted on Acast. See acast.com/privacy for more information.
Released:
May 6, 2022
Format:
Podcast episode
Titles in the series (100)
MM007: Will Biden's stimulus cheques boost the economy?: In this episode we look at the general optimism that has re-emerged this week as the DJIA & S&P 500 hit fresh record highs and look at what incoming stimulus cheques might mean for the US economy. by Market Maker