The AI trade has done more than lift stocks. It's been lifting the spending of the people who own them. @pboockvar says that's why this sell-off matters beyond markets. If the S&P 500 stays much lower without a quick snapback, he doesn't expect upper-income spending to keep running at the same pace. "The stock market is the economy, the economy is the stock market."
Real VisionShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.