In less than a week the stock market lost about 5% of its value in the US. In Japan it saw a drop of over 17%!
But what does this all mean and should we be concerned?
Today I will walk you through what went down and give you a little context to understand how much this will impact your retirement accounts.
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Oct 1
Washington shuts its doors
September saw strong gains across markets, with the S&P 500 up 3%. Hong Kong outperformed, rising 7%. Gold hit multiple highs and credit spreads narrowed to multi-year lows. Yesterday, healthcare rallied after Pfizer announced discounted drug sales via a new government platform. ... Show More
12m 22s
Sep 1
Precious metals shine as markets open September
August saw strong gains in global equities, particularly in the Dow Jones, as well as indices in both China, and Japan. Gold has hit a four-month high nearing USD 3,500 per ounce this morning, driven by concerns over the Federal Reserve’s independence and uncertainty around US ta ... Show More
10m 25s
Oct 2
Financial markets shrug off the shutdown and embrace AI
European and US stock markets rallied on Wednesday, seemingly unconcerned by the US government shutdown. The S&P 500 closed above the 6,700 level for the first time ever. Asian stocks, particularly in South Korea, were boosted overnight after OpenAI signed an agreement with Samsu ... Show More
11m 26s
Sep 19
The Fed cuts rates, America's FICO dips, and forever ends for sweepstakes winners
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s show: A rate cut and drama at the Federal Reserve, the average American gets a little less creditworthy, and those giant check sweepstakes winners? Well, they ... Show More
9m 12s
Aug 15
Crypto Treasuries, Amazon's Same-Day Grocery Delivery & Chinese Chip Sales
<p>In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz walk through the rise of crypto treasury companies, the US government's 15% revenue share on China-specific chip revenue from Nvidia and Advanced Micro Devices, and Amazon's new sam ... Show More
39m 19s
Oct 7
US stocks hit fresh highs on deals and despite geopolitics
Major US equity indices, from small caps to tech, hit fresh highs yesterday, spurred by strong corporate news – from semiconductors to banking deals. Political uncertainty in France and Japan lifted bond yields, weakened the yen and euro, and drove gold towards the historic USD 4 ... Show More
13m 28s
Oct 16
Markets rebound on luxury rally and earnings boost
Global equities rebounded midweek, driven by a sharp rally in European luxury stocks and strong earnings from major US banks. US-China trade tensions remain in focus, with Treasury Secretary Bessent reaffirming a firm stance. The AI theme continues to dominate headlines, supporte ... Show More
14m 33s