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Macro overview of the current week

Macro overview of the current week

14 December 2022

Results-2022: US stocks that fell the most

The American stock market has experienced a difficult year, but has avoided going into a tailspin. By the middle of December, the S&P 500, Nasdaq and DJIA indices had recorded annual losses in the range of 7-30%.

Most of the liquid securities lost:

  • Carvana (-98%) online trading sector
  • Arrival (-97%) electric vehicles
  • TuSimple (-95%) autopilot
  • Astra Space (-95%) transportation in space
  • SelectQuote (-94%) insurance market
  • Novavax (-93%) Biotechnology

In general, two-thirds of traded securities somehow fix losses.

Almost all of the designated companies suffered due to the increase in the cost of lending.

Saxo Bank is waiting for gold at $3000 and the cancellation of Brexit

The king of shocking forecasts and the lord of Armageddon scenarios, Saxo Bank, has released a forecast for 2023. And this is curious, because recently the most controversial scenarios tend to be executed. So:

  • billionaires will unite for a trillion-dollar energy project
  • French President Macron will resign and pursue his dream – an educational startup
  • gold will cost $3,000 per troy ounce, because inflation will terrify everyone
  • The EU will create its own army                                                                                                                            
  • one of the countries of the world will ban meat production by 2030
  • The UK will cancel Brexit

At least a few of these forecasts clearly look real.

14 December 2022
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