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.
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[–] 1 point 2 years ago* (last edited 2 years ago)

Absolutely not.

The rich have offshore accounts funneling money between countries currencies and stocks. They are well diversified. A crash won't hurt them.

This is killing the average worker. Exactly what they want.

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