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It's a multitude of things. - High interest rates trying to combat inflation. - AI, tech's latest, greatest thing is looking like a flop, at least from hyp
by Clubber 2y ago
It's a multitude of things.
- High interest rates trying to combat inflation.
- AI, tech's latest, greatest thing is looking like a flop, at least from hype perspective.
- Tariffs.
It will go back up after a quarter or three I suspect, once everyone has adjusted and everything has stabilized. It always does. Good time to buy soon if you have the scratch.
- sofixa 2y ago1 and 2 have been constant for months now. In fact, rates have already started going down after inflation did. So no, it's mostly the tariffs.
- Clubber 2y agoThe market was/is hyper inflated like 2001. It usually takes several things to finally force a correction.
- Tadpole9181 2y agoThis is delusional. The stock tanked literally the moment the board came out. Futures went -5% across the board. The actual minute China announced retaliation: boom.
- Clubber 2y agoTariffs were the catalyst, but high interest rates certainly put downward pressure on markets, which was the intent, to cool inflation. Also the profitability underperformance of AI is very similar to all the .com companies who constantly lost money but had soaring stock prices. Companies like Microsoft and Google have poured billions into AI and it doesn't look like they are going to get a ROI any time soon.