Nikkei now down 25% from July 11 close, down more than 12% from Friday's close

[progree]

Stocks trampled in stampede from risk, bonds eye rapid rate cuts. AP, 8/5/24 1235 AM ET
https://www.msn.com/en-us/money/markets/japan-s-nikkei-225-stock-index-sinks-nearly-13-as-investors-dump-a-wide-range-of-shares/ar-AA1oeJbk

https://finance.yahoo.com/
Ticker at top at far right, currently 31,458, down 12.4%

Closed Wednesday 7/31/24 at 39,102
so "current" 31,458 is down 19.5% from that

July 11 close was 42,224
so "current" 31,458 is down 25.5% from that
so definitely a bear market for them.
https://finance.yahoo.com/quote/%5EN225/history/

==========================================

Asian stocks tumble on recession fears; Japanese shares eye bear market
3 hours ago so 8/4 1107pm ET
https://www.msn.com/en-us/money/markets/asian-stocks-tumble-on-recession-fears-japanese-shares-eye-bear-market/ar-AA1oeFTs

Stocks trampled in stampede from risk, bonds eye rapid rate cuts, 138 AM ET 8/5/24
https://www.msn.com/en-us/money/markets/stocks-trampled-in-stampede-from-risk-bonds-eye-rapid-rate-cuts/ar-AA1oeXux

[Doodley]

1. Holy cow! Nasdaq futures down 5%. This is like a tsunami. A stock market crash and news cycles saying how

the economy is at risk of recession (personally, I don''t think so) could put Trump in the White House.

[elleng]

2. Markets Around the World Are Rattled by Fears of Slowing U.S. Growth

Stocks in Asia tumbled, led by Japan, where declines triggered “circuit breakers” meant to calm rapid moves. European and U.S. markets were set for declines.

A sell-off in markets around the world turned into a rout on Monday as investors grew panicky about signs of a slowing American economy, with stocks tumbling across Asia.

The declines were especially pronounced in Japan, . .. The decline at one point triggered a “circuit breaker” mechanism that halts trading to let markets digest large fluctuations. The Nikkei 225 index, considered the benchmark in Japan, also fell 12.4 percent.

South Korea’s benchmark Kospi index fell more than 10 percent, triggering its own halt in trading. Equity markets in Taiwan, Singapore, Australia and Hong Kong were all lower.

The declines were expected to continue in Europe and the United States on Monday.

Stock futures for the S&P 500 were down more than 3 percent, and those for the Nasdaq fell 6 percent. Stock futures for key indexes in Europe, including Germany’s, pointed to declines of more than 2 percent. . .

Based on the weakness in the jobs report, Goldman Sachs said in a note that it now expects the Federal Reserve to cut interest rates at its next three meetings — a more aggressive timetable for cuts than the investment bank had previously expected.'>

https://www.nytimes.com/2024/08/05/business/global-stocks.html

JUST in time for naming of new V Potus.

Time to cut rates, anyone???

[elleng]

3. NOT an expert, but surely won't put tmp in White House.

[Doodley]

5. If the economy becomes the major news talking point. If we see a tumbling of US stockmarkets, it is likely in IMHO.

But depends how long and how deep. How soon until markets are calmed with good economic news or rate cuts.

[ColinC]

7. The short term economy is a key that could flip Alan Lichtmans prediction

Right now he favors Kamala winning by one key. If she loses one, then trump becomes favored. If the short term economy goes, then she would need either a foreign policy victory or cross party charismatic appeal to balance it out.im also worried about possible civil unrest at the DNC next month -as many groups plan to have rallies during the convention.

[elleng]

4. I agree, not recession, but maybe 'late' on rate cuts???

POTUS will keep current econ team, and maybe discuss reasons and effects.

[Doodley]

6. One months job numbers seems to be the main trigger, which is ridiculous as the figures are often adjusted

over the next two months as more data comes in. The problem is the economy will be at the top of the news programming and in people's minds, and Trump will keep saying the US economy is terrible, the worst ever, about to go into recession, etc.