Jeff Gundlach Issues A Truly Bizarre Warning | 2024 US Recession
The stock market is facing a severe downturn, with major tech companies like Google, Amazon, Intel, and NVIDIA all entering correction territory since early July. The root cause lies in the complex interplay of interest rates, which act like gravity on everything from homes to groceries to stocks. As the Federal Reserve raised rates to combat inflation, it disrupted the Japanese carry trade, leading to massive sell-offs and margin calls. Coupled with worsening U.S. employment data, geopolitical tensions, and significant actions by investors like Warren Buffett, who has sold a large portion of his Apple holdings, this could signal the start of a deep recession. Be sure to subscribe and check out my Substack and Amazon affiliate link!
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