The shocking turmoil in the financial market: a single-day loss and uncertainty intertwined
On a thrilling day, the global market fell into a vortex of tragic decline. U.S. stocks, oil, gold, silver, and the U.S. dollar index were all affected and fell.
Particularly eye-catching are the technology stocks of Nasdaq. In just one day, the market value evaporated by an astonishing 2.9 trillion U.S. dollars. This figure is enough to dwarf the entire cryptocurrency circle. You must know that the total market value of the cryptocurrency circle is far less than this. Intel and Amazon are the worst in this storm, with a drop of nearly 30% at one point, setting a record for the largest drop since 1982.
The recent market conditions are mainly determined by fundamentals. The two factors of the U.S. election and the Fed's interest rate cut have had a great impact on the market, but they are full of endless uncertainties. Previous negative news, such as the Mentougou incident, Grayscale changes, or the relevant measures of the German government, at least had a clear and visible validity period. Investors knew that this was only a temporary negative news and it would end one day. They could even estimate the time when the negative news would end through the change pattern of on-chain data, which made them feel relatively at ease, confident, and secure.
But this time, the situation was completely different, and investors were completely stunned. The reason for the stunnedness was that the degree of negative news was difficult to grasp and could not be clearly perceived. The decline made people feel lost. There were no longer specific negative selling entities like Grayscale and Mentougou to track. Everywhere they looked, there was grief. It was really easy to dodge an open gun, but difficult to guard against an arrow from the dark.
