Massive Global Sell-Off: What's Happening With Nvidia, Apple and Others? | Wealth Wednesday

The Latin Wealth

Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.

Welcome to another episode of Wealth Wednesday hosted by Latin Wealth. Today, we're diving into the recent massive global sell-off that saw the 'Magnificent 7' stocks lose over $650 billion in market cap. We're talking about major companies like Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla. What's causing this market turmoil, and how is it affecting Bitcoin?

We also explore how Japan's economic policies and recent interest rate changes have triggered this sell-off. For over 30 years, Japan's yen has been on a downtrend due to inflation, an aging population, and weak demand. Investors have been using a strategy called currency carry trade, borrowing yen at low interest rates and investing in higher-yielding assets. With Japan's recent interest rate hike, this strategy has backfired, causing a massive sell-off and market panic.

Join us as we break down the events leading to this sell-off, the implications for global markets, and whether this is a short-term hiccup or a sign of something longer-term. We also discuss Warren Buffett's recent decision to sell off Apple shares, the latest job numbers, and the upcoming US interest rate decision on September 18th.
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