WSJ What’s News Selloff Sweeps Global Markets
70 snips
Nov 18, 2025 
Hannah Miao, a Wall Street Journal reporter based in Shanghai, dives into the tumultuous global markets facing sell-offs in stocks and crypto. She highlights the fears surrounding high AI valuations and missing economic data due to a government shutdown that are exacerbating market volatility. Miao discusses the AI bubble fears as companies increasingly push for AI adoption among employees, leading to job consequences for non-users. Additionally, she touches upon the geopolitical implications of the U.S. F-35 sale to Saudi Arabia.
AI Snips
Chapters
Transcript
Episode notes
Technical Sell-Off Signals Momentum Shift
- Markets fell sharply as S&P 500 and NASDAQ slid below their 50-day moving averages, signaling weakening momentum.
- Hannah Miao says this technical shift often precedes further downside and marks a volatile market phase.
Rethinking The AI Frenzy
- Investors are rethinking the AI boom after spotting heavy debt-funded spending on AI infrastructure.
- Hannah Miao warns that revenue may not justify the scale of investment, raising bubble concerns that hit broad tech names.
Data Gaps Add To Market Uncertainty
- The government shutdown left investors 'flying blind' without regular economic data.
- Hannah Miao notes the return of reports like the September jobs data could change market expectations about the economy and rates.