On August 5, the stock markets experienced their largest decline in nearly two years, further exacerbating the previous week’s downturn that pushed the Nasdaq Composite Index into correction territory. Sectors including mining and healthcare witnessed a widespread decline, but it was the technology sector that bore the brunt of the sell-off. The high-performing stocks known as the “Magnificent Seven” collectively lost billions in market value in a single day as investors rushed to take profits amidst fears of a looming recession.
The Market Online had the opportunity to speak with Albert Mason from Raymond James to gain insights into the reasons behind this global sell-off, the implications for the TSX, and key factors investors should monitor in the upcoming weeks. To view the full interview with Mason, please watch the video above.
For further information on the U.S. Federal Reserve’s interest rates, you can also access Mason’s recent interview with us here.
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