The global stock market meltdown appears to be on hold for now

#stockmarket #businessnews #unitedstatesofamerica

Morning Brew Daily, a daily talk show that covers the latest news on business, the economy, and everything else, with Neal Freyman and Toby Howell. Witty, informative and everything you need to start your day. Available on all podcasting platforms and Youtube.

[Tyler]

Thats a relief. I was worried about the 1%s billions 🙄🥾👅

[Davemilward]

Over levereged trading. People borrow in yen because of 0% borrowing. You borrow yen can, convert to usd and trade on the market. When japans "fed" raised rates to 7% all those traders had to prove they had those funds so they closed tons of positions from the stock market.