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November Stock Market Selloff Mirrors 2008 Financial Crisis
November Stock Market Selloff Mirrors 2008 Financial Crisis
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BTCCSquare news:
The U.S. stock market is enduring its worst November performance since the 2008 financial crisis, with the S&P 500 down 4% this month. Mega-cap technology stocks like Nvidia and Meta Platforms are leading the decline, dragging the index below its 50-day moving average for the first time since April—a bearish signal for analysts.
Market volatility is surging, reflected in a 45% spike in the Cboe VIX index, Wall Street’s fear gauge. The VIX now implies daily S&P 500 swings of 1.6% through year-end. Investor concerns center on stretched valuations, sparse economic data, and potential delays to Federal Reserve rate cuts. High-profile investors like Michael Burry have amplified the cautious sentiment.
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