$Apple(AAPL)$ $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ $NVIDIA(NVDA)$ $Cboe Volatility Index(VIX)$ 🚨💥📉 Techageddon, Mag 7 Trigger a $2.5 Trillion Stockpocalypse 📉💥🚨
Wall Street just delivered a scream worthy session, with roughly $2.5 trillion wiped from US markets, putting us on pace for the largest single day loss since that spine chilling day in March 2020, during the COVID crash.
Leading the carnage? Our so called Magnificent Seven, now looking more like the Miserable Many:
• 📱 $AAPL 8.03%
• 📦 $AMZN 9.16%
• 📀 $NVDA 5.70%
• 🖥️ $META 7.71%
• 🚗 $TSLA 6.01%
• 🛜 $GOOG 3.64%
• 💻 $MSFT 2.52%
📉 Together, they erased $848 billion in value, the largest single day group loss on record, surpassing the $760 billion shaved off on 10 March 2024.
Trump’s tariff resurgence exposes the structural fragility of globalised supply chains and the market’s vulnerability to policy-induced shocks:
1️⃣ Tariffs, and not the good kind. Vietnam related tariffs rocked $AAPL as fears grow over disrupted production hubs
2️⃣ Retail ripple, $NKE, $LULU, $WMT, $TGT, and $AMZN plunged as higher costs threaten consumer demand
3️⃣ Senator Tommy Tuberville somehow timed his Apple exit perfectly before the tariff drama hit headlines. Timing or tarot?
Now, let’s talk fear, and I mean real fear!
From CNN’s Fear and Greed Index:
Extreme Fear: 9 out of 100
One month ago: 12
One year ago: 69 (Greed)
That puts us in rare territory, only seen during crisis moments like the March 2020 pandemic crash
According to TradingView:
• $AAPL is now well below key support at $168, testing $160 next
• Analyst mean target: $200
• RSI: down to 32, oversold and twitching
• Capital flow: heavy institutional outflows, signalling sharp de risking
And check this out, the market heatmap is an ocean of red. Sectors across the board bled out, with even the mighty $MSFT, $NVDA, and $GOOGL not spared. You’d need night vision goggles to find green.
Wedbush’s Dan Ives summed it up:
“This is a tech version of a Category 5 hurricane, tariff talk is a body blow at the worst possible time.”
Hey Tiger Traders, do you smell a monstrous bounce opportunity buried in the rubble, or are we looking at the first domino in a longer tech correction? Who’s brave enough to swing through the smoke?
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Happy trading ahead! Cheers, BC 📈🚀🍀🍀🍀
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I hope that this major event did not affect you too much in a negative way.
as you mention, it looks like the pandemic crash... which reminds me that there will be lots of opportunities ahead in the future, like it happened before
happy trading and always follow the money 🙂 adapt to the market and be flexible 💪
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Great article, would you like to share it?
Great article, would you like to share it?