KEY POINTS
- The so-called Magnificent Seven stocks lost a combined $1.8 trillion in market value over the last two trading sessions.
- Apple led the losses for the group shaving off more than $533 billion in market capitalization.
- The Nasdaq recorded its worst week since 2020 as markets responded to mounting fears of a global trade war that could push the U.S. into a recession.
Gleeful that the megacaps just got their genitals fed into a meat grinder, but pissed off that it probably won’t do shit in the long run, and sad for whatever repercussions await those not even tangentially involved far, far down the economic chain. Best I can do.
Don’t worry the 1% makes huge amounts of profits when the market crashes and even more when it goes back up.
they will just get golden parachutes, after eliminating some low level employees, rinse and repeat, from a mba.