• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 25, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Experts predict a further 50% drop in the stock market from here

by Reshab Agarwal
August 29, 2022
in News, Trending
Reading Time: 2 mins read
0
Experts predict a further 50% drop in the stock market from here
TwitterWhatsappLinkedin

Everyone is worried about the world’s current economic crisis, and US’s recessionary fear only makes it worse. After Fed Chairman Jerome Powell’s last speech on recession and further interest rate hikes, the crypto and stock market took a hit. At the same time, the fear and greed index has also shifted to “extreme fear.” And now, market experts predict a further 50% drop in the stock market. The chief strategist at bubbatrading.com says it will destroy the American middle class.

You might also like

Microsoft Plans Major Layoffs Across Xbox and Sales Teams as Part of Strategic Overhaul

Greek Court Hands Down Unprecedented Prison Sentence Over Defunct BitTorrent Site

Tesla’s Robotaxi Launch Marred by Traffic Violations, But Stock Surges Amid Influencer Praise

The recent price action in the stock market

Jerome’s statement on the American economy took a toll on stock and crypto prices. Bitcoin has now slid below $20k, and the total crypto market cap has fallen below $1T. The stock markets in the US also saw their lowest performance in a long time. NASDAQ also dropped by 3.94% on Friday, which is one of the worst losses since mid-June. Other indexes and the price of precious metals also took a hit. This includes Gold, Silver, and Platinum, which were down by 1.13%, 1.79%, and 2.38%, respectively.

All this shows that Bitcoin still correlates with the S&P 500, which was also down by 3.37% on Friday. Bitcoin’s correlation with the index is at 0.59, which is almost near the all-time high. So, a further drop expected in the stock market is also going to be negative for crypto.

Another 50% drop in the stock market

The recession is not going to stop if the feds keep raising interest rates, and that is going to make this worse. The chief strategist at bubbatrading.com says that the stock market could lose more than 50% of its value from here. Todd ‘Bubba’ Horwitz also has a conspiracy theory about raising interest rates during a recessionary period. He said, “There is a political agenda behind all of this stuff that’s going on, which is to try to create the Great Reset.” And this will impact the middle class the most.

Todd expects food shortages, insane oil prices hike, and food riots in the US. There is also the huge possibility of hyperinflation, which might happen really soon.


What are your thoughts as experts predict a further 50% drop in the stock market? And do you think this will be an opportunity to bank on? Let us know in the comments below. And, if you found our content informative, share it with your friends.

Also Read: Binance freezes corporate crypto account with $1 million in holdings.

Tags: #plummet#pricesStock
Tweet54SendShare15
Previous Post

Upcoming Apple MacBook Pro and iPad Pro to sport a 5NM chip

Next Post

Ethereum gas fees stay low ahead of the merge

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Microsoft Plans Major Layoffs Across Xbox and Sales Teams as Part of Strategic Overhaul

by Harikrishnan A
June 25, 2025
0
Microsoft’s Copilot+ Faces Scrutiny Over New Recall Feature

Microsoft is preparing to launch another wave of layoffs, with its Xbox gaming division expected to bear the brunt of the cuts. The move is part of a...

Read more

Greek Court Hands Down Unprecedented Prison Sentence Over Defunct BitTorrent Site

by Harikrishnan A
June 25, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a ruling that has stunned both legal experts and digital rights advocates, a Greek court has sentenced a 59-year-old man from Piraeus to five years in prison...

Read more

Tesla’s Robotaxi Launch Marred by Traffic Violations, But Stock Surges Amid Influencer Praise

by Harikrishnan A
June 25, 2025
0
Tesla’s Robotaxi Launch Marred by Traffic Violations, But Stock Surges Amid Influencer Praise

Tesla's long-awaited Robotaxi rollout in Austin, Texas, turned heads this week—not just for its technical innovation but also for moments of troubling behavior on the road. Videos captured...

Read more
Next Post
Ethereum’s value shoots up to record high, surpasses expectations

Ethereum gas fees stay low ahead of the merge

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?