Japan market indexes NIKKEI and TOPIX just hit circuit breakers (basically halting trading to prevent further losses in a short timeframe), opened down 9%. I have never witnessed circuit breakers used during future trading, only during market sessions. truly unprecedented times and a lot of people are at risk of not only a replay to black monday, but think of the future outlook
it’s not just the stock market being affected. we’re looking at companies provide bad quarterly guidance on earning reports which would not only lead to layoffs, but reduced spending in multiple industries. actually insane to watch everything unfold in real time. and the only reason they’re providing bad guidance is because we haven’t even seen the tariffs be implemented yet and affect the prices of consumer goods. thats just further evidence that companies are guiding on uncertainty because they dont even know how they’ll handle the soon to be implemented tariffs (for the common person: see nintendo’s announcement about nintendo switch 2 release in usa).
the job market is about to get a lot harder and it worries me. a lot of people are going to see layoffs in the short term