MM #220: Worldwide Stock Market Crash: Bitcoin Drops, Buffett Sells Apple, Nvidia Below $100, & Home Buying

Market Mondays

EYL Network

Entrepreneurship, Business, Investing

5 • 4K Ratings

🗓️ 6 August 2024

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of Market Mondays, we delve into the latest turbulence in the global markets.

- **The Dow's Plummet:** The Dow dropped 1,000 points and the Nasdaq fell 6% in a global market rout. What factors are contributing to this dramatic decline?

- **AI Boom's Decline:** Are we witnessing the tail end of the AI boom, and if so, what are the indicators?

- **Recession Signs:** Is there a recession on the horizon? What signs should we be looking for?

- **NVIDIA's Downfall:** NVIDIA's stock continues to fall. What are the main reasons behind this downward trend?

We also had an insightful conversation with Matthew Garland and Mosi Gatling, SVP of Strategic Growth and Expansion at New American Funding, about home buying and the state of real estate.

- **VIX Surge:** Wall Street's 'fear gauge,' the VIX, has risen to its highest level since the pandemic market plunge in 2020, climbing to 65. What can we expect next for the market, and what signals should we watch for to know when the worst is over?

- **Trump at NABJ:** Former President Trump spoke at the NABJ. What are your thoughts on his comments, and how might they impact his chances in the fall election?

- **Kamala Harris' Election Prospects:** If the economy and stock market continue to slide, can Vice President Kamala Harris win the upcoming election?

- **Intel's Job Cuts:** Intel recently announced it is cutting 15% of its jobs and its stock dropped 26%. What are the implications of this move?

- **Bitcoin's Decline:** Bitcoin has dropped below $50,000 for the first time since February. What do you believe is the best price point to invest in it?

Join us as we analyze these pressing issues and more.

#MarketMondays #DowJones #Nasdaq #AI #Recession #NVIDIA #RealEstate #VIX #Trump #KamalaHarris #Intel #Bitcoin #Investing #Finance #Economy #Stocks

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Transcript

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