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Coin Bureau
@coinbureau
Official Coin Bureau X account: covering breaking news, insights & in-depth analysis across Fintech, Macro & AI.
Joined September 2017
429 Following    1.1M Followers
You can’t make this up: On Nov 4, Democrats swept the US midterm elections, and the S&P 500 added +$1.2 TRILLION in market cap. Less than 24 hours later, the panic began. On Nov 5, investors feared the new Congress would slow down AI spending, and stocks crashed. By 3:30PM ET, the S&P 500 had hit its lowest point, erasing a record -$2.9 TRILLION in one day. Then on Monday, the buyers came back. Stocks gapped up at the open, adding +$1 TRILLION within hours. By the 4PM ET close, the S&P 500 had added +$1.5 TRILLION, its best day since April. That’s a $5.6 TRILLION swing in market cap in just 4 trading days. We all just witnessed one of the wildest weeks in stock market history.
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