Rebel Capitalist News Consumer Confidence Plummets, New Home Prices Fall, Nvidia Biggest Loss In History
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Jan 29, 2025 Consumer confidence is taking a nosedive, raising alarms for the U.S. economy. The plummeting job outlook is affecting the housing market, with new home prices and builder challenges in the spotlight. Meanwhile, Nvidia's massive losses are stirring concerns about market volatility and the potential for a bear market. As few stocks dominate the market, the risks of economic dependency are highlighted, particularly in light of ongoing tariff negotiations impacting the average American.
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Falling Consumer Confidence
- Consumer confidence is plummeting, ending the post-Trump election honeymoon phase.
- The job market and rising inflation are causing increased pessimism.
Falling New Home Prices
- New home prices are falling, impacting the US economy's dependence on housing.
- This poses a large economic risk, given the US economy's reliance on home prices.
NVIDIA's Historic Loss
- NVIDIA experienced the biggest loss in market cap in stock market history.
- It lost almost the equivalent of a Home Depot and Toyota's value in one day.