What's Behind The Stock Market Drama?

This Monday was one of the worst days for global stock markets in years, Stocks in the US, Europe and Japan tanked on Friday and again on Monday before a partial rebound. Bond yields and foreign exchange rates swung around wildly too.

The Magnificent seven stocks lost about $1 trillion dollars in value in just two days. So, what exactly is going on in markets, and how much should we worry?

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[alarsonious]

"An inverted yield curve has predicted twenty of the last seven recessions."

I just spit my coffee all over my phone. Why, why do I keep drinking things when watching Patrick's videos?

[lutrueson]

Hard to consume much when you spend most your coin on rent, utility bills and food

[elninomelosso]

I saw a statistic that says that flaming YouTube thumbnail with dudes with their mouths wide open are on all time highs.

[outdoor]

I wasn't as engaged as you didn’t hold the mic

[chasecarssavelives]

“Its not yet obvious how the big tech firms plan to make back all the money they’re spending on AI”.

Fucking EXACTLY

[AinsleyHarriott]

i just got a load of junk food and now i can watch patrick boyle talk about recent stuff. life is good. saturday night sorted.

[Fafmagic]

This is what happens when you approach market saturation and apathy for tech. I’m not an economist but I’m amazed at the continued expected growth in the tech industry, especially when consumers are feeling the pinch with more important costs… such as food.

[jeskaaable]

The GS prediction of 25% instead of 15% is taken from the deep abyss of their random number generator.

[kif]

"An inverted yield curve has probably predicted about 20 of the last, 7 recessions."

That is the humor that got me hooked on this channel.

[TC-cqoc]

Customers are steering clear of AI, but that's not a problem for investors. The people who are investing in AI are expecting that AI will be sold business-to-business, not to consumers. (I personally don't think that AI will succeed at that either, but I think that's why the report didn't really make a dent in share prices).

[yourlocalit]

Japan is not to blame, its investment firms playing around.

[Blackspidy]

Corpos want infinite growth and zero employee expense. And they might be waking up to the idea that we can't afford their shit if they don't give us a pay increase

[TheGIGACapitalist]

If Apple without AI looks like Coca Cola, why is Coca Cola not investing in AI to become Apple?

[Sosi]

The trick is finding the proper rice vinegar. Is what gives that special flavour and stickyness to good sushi.

[kylebuffington]

I firmly believe that 50% of the reason I show up for a Patrick Boyle video is his sense of humor.

[HkTube]

What, AI? I just got in to NFT's, hold up guys!

[YisYtruth]

It would be nice if the stock market weren't treated like a pirate casino. We end up setting good businesses on fire and treating trash businesses like gold. It's a perverse system.

[PXAbstraction]

Yeah, *if* AI fails to pay off. It's when. AI is in a huge bubble. While it's going to be a continuing thing, companies basing all their growth on it are in for a very rude awakening.

[EdwinSteiner]

2:23 A background in rap *and* bushcraft gives Patrick the unique edge over other financial experts.

[Ansible]

The brokerage outage was keeping me from buying not selling 😂.