Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch

of a button.

Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths

solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville.

Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural

chills to far-off romances, every story comes alive through world-class narration.

Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers

that transport you from the very first word, because the next great

adventure is just a listener way. Start your free 30-day trial at audible.com slash

Wondery, UK. That's audible.com slash Wondery UK.

It's Thursday, August 8th, and this is Markets Daily hosted by me, Jensenassi. On this show, we navigate

the currents shaping the crypto markets, providing insights against the broader financial

landscape. So whether you're actively trading or simply fascinated by the volatility of the

crypto markets, this show is your compass to understanding what's happened, where we are, and where

we're going. Good morning, everyone. Today's

guest is here to talk to us about what's going on on a macroeconomic level chief economist at ADM

Investor Services International, Mark Oswald. Welcome to the show. Hello. Well, Mark, I've been

waiting to speak to an economist all week. We, of course, saw a big market downturn on Monday. We're saying a reaction to the jobs report here in the US, coupled with some developments in Japan. Talk to me about what you're seeing and what we should be watching.

Well, I think what one has to understand is this problem's been brewing for months.

You've seen it in the complacency in a lot of trades.

You've had the skew that everyone's got in their portfolios towards the AI and the tech sector.

I can understand all of that, but there comes a point when valuations just go, you know, out the window. I mean, I think it was

...