Stock Crash Beginning 2024? It sure looks like it.

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Stock Crash Beggining 2024?

The stock market experienced a significant downturn on August 2, 2024, following a disappointing jobs report.

The VIX (fear indicator) spiked higher ~60% intraday and settled higher by ~26% at 23 after reaching nearly 30.

The Dow Jones Industrial Average (INDU) dropped by 600 points, or 1.5%, while the Nasdaq Composite fell by 2.4%.

The broader S&P 500 also saw a substantial decrease, falling by 1.37%.
The market's decline was driven by a batch of weaker-than-expected reports on the economy, including a disappointing jobs report.

The unemployment rate rose to 3.8%, and the number of jobs added was below expectations.

The Federal Reserve's recent decision to raise interest rates and its announcement of plans to taper its bond buying also contributed to the market's decline.

The market's downturn has raised concerns about the health of the economy and the possibility of a recession.

The big question is whether the stock crash beginning 2024 has begun.

#stocktrading #technicalanalysis #investing

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DISCLAIMER: This US stock market technical analysis today trading video is on advanced technical analysis on the US stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.

This US stock market technical analysis today trading video is on advanced technical analysis on the stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.

All of Grok Trade's technical analysis videos are for educational purposes only. Our videos are not delivered by a registered financial advisor.

All securities mentioned in this stock market trading video should be carefully reviewed for suitability by a registered financial advisor. And please keep in mind that our stock market 2023 stock predictions are simply a guess, and the stocks to watch this weekend are not a recommendation to buy or sell. As mentioned and to make sure there is no confusion, the US stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment and is not an endorsement to buy or sell any security. Our next 3-Day Intensive 301 Mentorship is coming up soon. Click the link above and choose to be trained by a savvy trader through Grok Trade's mentoring program.

The stock market technical analysis this week may have stocks to trade but any mention is strictly for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." d7 called the 2008 and 2022 market crash, but there is never any guarantee of calls made by anyone include any Grok Trade mentor. This stock market trading video is on advanced technical analysis on stocks to trade after consulting with your investment advisor. These technical analysis videos are for education purposes only.

US stocks to trade market analysis is not delivered by a registered financial advisor. All stock picks should be carefully reviewed for suitability by a registered financial advisor. The stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment daily. This trading video on the stock market today is for educational purposes only. This US stocks to trade today for today is for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." ​