Global Domination... Of the Financial Markets!
Namaste lovelies! PC here your friendly neighborhood global icon (and apparently amateur market analyst!). So the stock market right? It’s been more dramatic than my wedding – and trust me that was a three day Bollywood extravaganza! According to UBS we haven't seen the worst of it yet. Apparently the market hasn't found its 'bottom' (insert your own joke here I've heard them all!). Rebecca Cheong at UBS is warning us that the recent 'recovery' is just a mirage. Remember when everyone thought the Jonas Brothers were over? Yeah it's like that. A temporary reunion before the real drama unfolds. Global domination takes time people. Even in finance!
Trump Tariffs: The Real 'Fashion Disaster'?
So what’s causing this rollercoaster? Apparently our good ol' friend tariffs! President Trump's trade policies are causing more drama than a Bollywood awards night snub. Seriously folks this is the fourth sell off since 2018 and this one's all thanks to tariffs. It’s like showing up to the Met Gala in… well Crocs. A fashion disaster of epic proportions! But hey at least we're keeping things interesting right? As I always say "If you aren't nervous you aren't taking a big enough risk."
The Missing 'Quantico' Moment: The Dramatic Recovery
Now here's where it gets interesting. Cheong says that past market bottoms had one thing in common: a HUGE sell off followed by a sharp intraday recovery of at least 5%. Think of it as the moment when Alex Parrish saves the day in Quantico – the dramatic plot twist that saves us all! But this time we haven't seen that. So no heroic rescues just yet people. Buckle up buttercups because the ride's not over.
Sell Exhaustion: Are We There Yet?
According to Cheong these bottoms are driven by "sell exhaustion" – when everyone's so tired of selling they just… stop. It's like me after a 16 hour shoot day. I just want to collapse! But apparently the recent buying spree wasn't genuine. It was just a bunch of short sellers scrambling to cover their losses. As I always say “I always say you shouldn’t be afraid to fall—that only means you have the chance to get back up.” We’re all just falling fabulous!
Monday's Meltdown: Not the Bottom We Hoped For
And what about that dip on Monday? Nope not the bottom either apparently. Volume was "super light," which means not enough people were actually buying. It's like throwing a party and only your mom shows up. Not exactly the rager you were hoping for right? Cheong says it wasn't the "typical capitulative buying at the bottom." In other words more drama to come darling!
CNBC Pro LIVE: Get Your Front Row Seat to the Financial Show!
Alright so what do we do? Well CNBC's hosting a Pro LIVE event at the New York Stock Exchange! It's like getting a backstage pass to the financial circus. Experts like Carter Worth Dan Niles and Dan Ives will be there and you can even network with CNBC folks during a cocktail hour. Sounds like a party to me! Get your tickets people because knowledge is power (and also free drinks!). And remember “You can’t please everyone and you can’t make everyone like you.” So do you! Even if the market is a mess!
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sagart
So, basically, hold on to your Birkins, ladies?
Zemma
Tariffs are the new black... and not in a good way.
Gslap
Thanks, Priyanka! You make economics almost bearable.
LCAmb20
Ugh, more market drama? My chai latte can't handle this!
jeffhardy198881
PC for President! She'd fix the economy with style.
uknj
Time to invest in popcorn futures? Seems like we're in for a show.
krunion
I'm just gonna keep binge-watching Quantico until this all blows over.
lampark147
Is Nick Jonas diversified? Asking for a friend.
nich
Let's all manifest a market recovery! Positive vibes only!