6th MAY 2022 / Anthony cheung

WHY HAVE STOCKS TANKED THIS WEEK?!

On Thursday, the Nasdaq closed the session down 5%, marking the biggest single-day plunge since June 2020. YTD stocks like Netflix are now down nearly 70% and even tech giant Amazon has shed over 30% in the past four months.

So why has the selling pressure intensified this week? What should we take away from the comments from Fed Chair Jerome Powell at the FOMC meeting and is a recession now all but a foregone conclusion?

In this episode, we aim to address these questions and tackle the big one - What happens next?!

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