This is incredible:
The Nasdaq 100 index is now trading below 18,000 and just 6.5% away from entering bear market territory.
Exactly 18 trading days ago, the index was trading at new all time highs.
In overnight trading today alone, the Magnificent 7 have erased nearly $500 BILLION of market cap.
Since July 16th, the S&P 500 has erased $3.3 TRILLION in market cap.
That's $235 billion PER TRADING DAY for the last 14 trading days in a row.
What just happened?
