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Episode 387: Manic Monday (Is a Recession Imminent?)
08/08/2024
Episode 387: Manic Monday (Is a Recession Imminent?)
On Monday, the Dow dropped 2.6%, the Nasdaq lost 3.43%, and the S&P 500 slid 3%. The Dow and S&P 500 registered their biggest daily losses since September 2022. On top of that, cryptocurrencies sank; the VIX skyrocketed; investors piled into Treasury bonds; and Japan’s stock market posted its worst drop since Wall Street’s Black Monday in 1987, contributing to fears of global turmoil in the markets. In episode 387, Jared discusses recession fears, the importance of having short positions in a stock-based portfolio, and how traders can insure their portfolios against an extreme market crash. Plus, mortgage rates and the one thing younger generations should focus on when looking to buy a new home.
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