This Could Be REALLY BAD For Stocks | The Fed Needs To WAKE UP!
The stock market crash has continued, and Jerome Powell speaks at Jackson Hole this Friday. Powell needs to calm the bond market, and if he fails to do so it could signal disaster for stocks. Rising yields create valuation crunch for tech stocks, interest rate increases cause more defaults (specifically in commercial real estate), and the government debt continues to balloon. Nvidia (NVDA Stock) reports earnings this week and will provide insight into the future of AI stocks.
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