Friday, April 29, a wind of panic seized the Nasdaq index which brings together the cream of American technology stocks.
In a single session, it fell by 4.17%, the worst air pocket since March 2020 and the emergence of the Covid.
A simple mishap?
No: over the whole month of April, traditionally good for consumption and therefore for the stock market, the decline in the index stands at 13%, unheard of since the financial crisis of 2008. And since the at the beginning of 2020, the drop reached 21%.
Quietly, the market had already begun a healthy correction after two years of euphoria and a speculative bubble.
But on Friday, April 29, investors suddenly opened their eyes.
“The market is finally facing economic and geopolitical reality,”
summed up George Ball, CEO of Sanders Morris, a Wall Street financial institution, in the columns of the
Washington Post
that day .
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