The stock market reset of April 2023 saw a brief 20% drop but has since recovered to only a 7% decrease for the year. This minor reset follows a quarter-century since the last major market crash, which saw the Nasdaq drop 75% from 2000 to 2002, primarily due to unhealthy valuations in the .com sector. Notably, strong companies like Microsoft and Amazon also suffered substantial losses during that time. Current indicators, particularly in AI stocks like AMD and Palantir, suggest vulnerabilities in the market, even among otherwise healthy firms.
The stock market reset of 20% in April was brief, and it currently sits down 7% for the year. Despite past market wipeouts, the economy showed resilience.
In the early 2000s, the Nasdaq experienced a 75% drop affecting even strong companies like Microsoft and Amazon. A similar collapse today would severely impact American wealth.
Collection
[
|
...
]