Why so down, S&P 500?
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
GDP numbers are strong. Wages are strong. Household debt is relatively low. So why is the stock market so blue? Since July 31, it is down 10 percent – formally a “correction” – and that includes the strong performance of the seven Big Tech stocks. What gives? Today on the show, we look at three factors putting the brakes on a boom. We also go long our own listeners, a few of whom Katie bumped into at a wedding in Ireland.
For a free 30-day trial to the Unhedged newsletter go to: https://www-ft-com.ezp-prod1.hul.harvard.edu/unhedgedoffer
Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com.
Read a transcript of this episode on FT.com
Comments