It's Monday, August 5th, 2024.

Is this our annual August market correction, or is this something worse?

The UK might have just seen their version of January 6th, and it's been three weeks since the attempted assassination on Donald Trump.

We're losing focus, and I'm losing sympathy.

Next on the AM update.

Asia Pacific markets continued the sell-off from last week while investors awaited key trade data from China and Taiwan this week.

Japan's markets led losses in the region as the Nikai, 22 and Topics dropped as much as 7% overnight in

volatile trading. Heavyweight trading houses such as Mitsubishi, Mitsui and Company and Sumitomo

all plunged around 10% at these levels with the decay and topics are nearing bear market

territory, having fallen almost 20% from their all-time highs on July 11th.

It all started on Friday when American markets took a huge nosedive.

Stocks tumbled on Friday on worries the U.S. economy could be cracking under the weight of

high interest rates meant to whip inflation.

The S&P 500 sank 1.8% for its first back-to-back losses of at least 1% since April.

The Dow Jones dropped 610 points or about 1.5%.

The NASDAQ lost 2.4% as sell-off for stocks whipped all the way around the world back

to Wall Street.

A report showing hiring by U.S. employers slowed last month by much more than economists expected sent fears through the market with both stocks and bond yields dropping sharply.

It followed a batch of weaker than expected reports on the economy from a day earlier, including a worsening for U.S. manufacturing activity, which has been one of the areas most hurt by those high interest rates.

Just to put this into perspective, Friday was the worst day for the stock market since March 16th of 2020 during that COVID panic.

Is this the United Kingdom's version of January 6th?

Rioters attacked a hotel used to house illegal aliens in the UK town of Rotherham on Sunday, as the country faces

...