Markets will always fall back to fundamentals long term. All else (geopolitical etc) is just noise. I wouldn’t even categorise it as a correction at a global level as it’s <10%. Japan was down to carry unwinding quickly.The reason why central banks control set interest rates, is they are charged with long term economic stability and wider economic growth rather than a politician setting them based on personal short term interests, which creates inherent instability
I genuinely believe Trump is a dictator in waiting. He's completely in that mould and will only get worse if he gets into power again
It is clear that the recent volatility was a "correction" in stock markets not the "crashing" as Trump and his lackeys ("policing the riots" @dylsexicbleu ) have claimed
Things will remain fairly volatile until September and when the Fed decides on rates again. But to characterise it as a "crash" etc. Pure Trump fantasy economics
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Global stocks bounce back as market jitters ease
US stocks have their best trading day since November 2022, after lower unemployment claims boost sentiment.www.bbc.co.uk
The slow down in jobs is something to keep an eye on though. Rates being where they are for as long as they have will have an affect at some point. And aw we’ve seen with the Nasdaq 100, a lot of the protections for growth assume a fairly benign environment. Things slow further and all of a sudden valuations look highly optimistic.
