All good things…
Cheers to you in the new year…
Whether or not this bounce is sustainable and more broadly, whether Friday marks a turning point for sentiment which was rapidly deteriorating will help determine whether global risk assets are able to rally into year-end.
There’s trouble in market paradise.
Well on Wednesday, things got worse – and materially so.
Keep an eye on this – in an increasingly interconnected and interdependent global market, these tech selloffs are demonstrating a propensity to spread quickly. And there’s some poetic justice in that, right? After all, tech is all about connecting the world.
“Today’s turmoil in the region’s tech stocks was sparked by the sell-off in their peers on Wall Street last night.”
“Luck, prosperity, and wealth.”
Fade it? Not yet.
“…the nagging fear that the boy who cried wolf was only telling the truth when everyone had learnt to ignore him.”
Thursday is now the “big day.”
So what accounts for that? Well, no one knows exactly. “Some bearish investors were looking for excuses to ‘kill the bulls.'”