Bridger PenningtonFund Launch & Investment Expert

Buy when there's blood in the streets! What assets are you picking up?👇

4 Aug 2024 · 1 min

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The stock market is crashing with Japan's TOPIX down 6.1% in one day, worse than COVID. Traders are now pricing in three to four Fed rate cuts this year after a weak jobs report shifted expectations overnight.

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The stock market is falling apart. The odds of a 50 basis point rate cut have tripled overnight. Check out these odds. This tracks traders and how they're pricing in rate cuts right now from the Fed. This is the CME Watch tool. Look at this, pricing in maybe 3 or 4 rate cuts this year. This changed literally overnight from all the fears from today's jobs report. The Japanese TOPIX stock market declined 6.1% in a day This is bigger than during COVID So we are seeing, I mean, a crash happening right in front of us.