The $6.4T Stock Drop – Why Is Everything Down?
00:00 – The Global Stock Crash
02:06 – What’s Causing the Drop?
02:50 – 1: Fed Rate Decision
04:39 – 2: Labour Data
06:49 – 3: Japanese Carry Trade
10:14 – How Markets Are Reacting
11:18 – Why You Shouldn’t Try Timing the Crash
13:58 – Closing Thoughts
Global Stock Markets saw a sizeable drop over the past weekend, with $6.4T being wiped out. Today’s video will explain the proposed reasons behind the sell-off.
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice – Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
26 Comments
7:56 "Since the country with its aging demographic"
I swear, I heard that as since the country with its Asian demographic. And im like "well yes, that is indeed factually accurate, but how does it impact the stock market?"
Apparently if you listen to some outlets its japans fault for increase interest rates and giving more value to there currency lol 😂 what a funny world we live in
As much as I always watch your videos. Everything was overly bearish this time around. Everything has retraced way to fast in very unhealthy action. People can call parabolic up, this is also been parabolic down. When stocks are gapping below supports – that is not something you short. You can easily flip a lot of these calls to the opposite coin of "maybe don't be a new money short on anything". These downtrend continuations are actually way to bearish in a short period of time and actually trap shorts, versus hurting longs. But hey, to each their own. The fact people have literally switched to bearish calling for the end of the market in 2 weeks is a little absurd……..I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin….I'm especially grateful to Donna Mikalonis, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Financial people need to get real jobs, computer and AI stole their jobs years ago but the refuse to leave. They are a "Noble" class, they produce nothing they are parasites to real businesses
If you understood what caused everyone to sell off at a specific time you'd quickly become one of the richest traders in the world
Oh my goodness. Thank you so much. I've tried all the strategies but this is takes the cake! You really don't understand how much this strategy helps!
Retail investors emotions has direct effect on the market, which most of the time they are wrong
Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40,000 dollars. Everyone thought I was delusional. Today, 1 receive 85,000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me
Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to invest this year.
🎉🎉🎉🎉
Everyone thinks Japan is invested in USA only but Japan carry trade destroyed Turkish lira years ago and they are stil heavily invested in India, SAfrica, Indonesia, Brazil and Mexico as well. All I see on Japanese bank websites is invest on those countries so that your retirement goes well. The riches and big companies do benefit from low yen.
This was presented in a very understandable way. Thanks!
when American's can't pay the bills, markets will drop 50%
Great video Richard love your YouTube channel
I don't think I'm smart enough to understand the carry trade no matter how many of these videos or articles I digest.
So you borrow yen using dollars (is this a loan??)? How do you borrow a currency?? Then you convert yen back into dollars using their interest rates? How is that done? Then you convert it into yen again? This is galaxy-brain stuff for me…
Funny enough I accidentally timed some of the dip with my investments (only around 50k) moving from TD Direct Investment to Wealth Simple TFSA. I was ignoring the markets as it was my long term account and the money was deposited on a Friday, and I put in my buy orders after Canadian markets closed. In the middle the following week went to check everything went through OK I found a nice surprise in instant returns. After losing money playing with some individual stocks that was good to see. Now I'll go back to adding money to it and ignoring the account for a few more years.
Your trading techniques have helped me achieve financial freedom, thank you! ��
The U.S. is not in recession? This isn't even laughable.
No worries, your corrupt governments will bail out the billionaires and wallstreet once again. It doesn't matter, see you all in hell. 😅
Long term investors don’t get emotional. Rather than share price driven, it’s all about tracking your companies’ quarterly results and their growth prospects. Pullback is normal and “healthy”. If you have been doing this for more than 5 years and assuming you are holding the right stocks, you probably know their fundamentals inside out. Let compound growth continue. No fear.
jews are in danger thats why
Is Phonak now offering MFi HAs or do they still have their silly BT-for-none stance?
HOLY SHT u are godly this sht tripled my Cash lmao thanks
It's enticing to consider purchasing some stocks in this bear run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
People are overreacting. Hell, even the market overreacted to extraordinary levels (VIX above 65, the highest level since 2020 and 2008? Really??? Lol). Stocks go up over time and I'm very privileged to have been able to buy the dip with the rest of my savings on the S&P 500 at under 5100. I'm expecting a 30% return by end of next year. Thanks for your insight Richard!
The recent stock market crash, losing about 1.7 trillion in just 24 hours, is a stark reminder of how volatile the market can be. It's a challenging time for many investors, but it's crucial to stay informed and make decisions based on long-term goals. This underscores the importance of having a diversified portfolio and a sound investment strategy, ideally with guidance from a financial adviser to navigate these turbulent times effectively.