😱 Fear and loathing in the markets

The markets wobble, Nvidia's in trouble over antitrust laws, and holy than thou AI | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for September 5th in 3:00 minutes.   🔮 Meredith Whitney accurately predicted the 2008 financial crisis, earning her the nickname “The Oracle of Wall Street” – and a coveted speaking gig at our [Modern Investor Summit](. So join us for the event of the year and hear what she has to say now. [Grab your free ticket]( Today's big stories - US stocks tumbled again, suggesting that investors are still on pins and needles - How to invest in China, a hulking economy with equally hulking challenges – [Read Now]( - Nvidia became the latest tech company to catch the US Department of Justice’s eye Déjà Vu [Déjà Vu] What’s going on here? Volatility picked up and stock markets [fell]( down on Wednesday, giving investors an uncomfortable feeling of nostalgia. What does this mean? When the US sneezes, everyone catches a cold – that’s just what happens with the world’s most sprawling economy. And folks are starting to sense that America’s coming down with a nasty bug. After some weak manufacturing data, investors sent Nvidia’s shares lower by 10% and threw other AI-related firms into a tailspin for good measure. That slide – just weeks after August’s chaotic sell-off – had investors hanging on for dear life: the volatility index (a measure of fear in markets) rose 36%. Why should I care? For markets: Stability might not be so far off. Good economic news is crucial to stabilize markets – it’s what ultimately curbed the August sell-off. And that’s got investors crossing their fingers for some in the US Labor Department’s big employment report due Friday. The main worry is that the economy will slow too dramatically, causing companies’ earnings to fall and stocks to go tumbling. And with all that on investors’ minds, it’s no wonder things have taken a fresh choppy turn. The bigger picture: The cruelest month. September is the only page in the calendar with a negative average stock market loss over the past 100 years or so. Since 1928, the S&P 500 has slipped an average of 1.2% during the month, while the other eleven have boasted average gains. And it gets worse: over the last four years, September drops have been between 3.9% and a staggering 9.3%. So, er, bring on October already. You might also like: [Trying to time the market is for fools: Here’s what you should be doing instead](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Déjà Vu&utm_campaign=daily-global-05-09-2024&utm_source=email) Analyst Take Big Economy, Bigger Challenges: How To Invest In China Now [Big Economy, Bigger Challenges: How To Invest In China Now]( [China]( is a fascinating fusion of free market and government control. Its [economic evolution](, starting with sweeping reforms in 1978, has seen it transform from a predominantly agrarian society to a manufacturing powerhouse, with massive urbanization and infrastructure investments. And its strategic economic diversification has been essential to growth. But the world's second-biggest economy is now facing some of the world’s weightiest [challenges](. That’s today’s Insight: [why China matters and how you might approach it now](. [Read or listen to the Insight here]( SPONSORED BY MONEY PICKLE Get pro, unbiased financial advice for free You already know what you want out of your money. The problem is deciding how to reach your destination figure – no matter whether you’re saving for the sake of it, funding college years, or eyeing up a round-the-world airline ticket. So instead of learning from a few cycles of trial and (expensive) error, you might want to see what [a vetted financial advisor]( could do for you. Fill out the quiz on [Money Pickle’s website](, and you’ll be matched with an advisor and sent a flexible time for a [free introductory video call](. On the call, they’ll walk you through the process before giving initial advice on your investments, taxes, and financial goals. Then, you can stick or twist depending on how well you two click. So if you like what you hear, you can [start spending more time planning your future, instead of worrying about it.]( [Find Out More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Red-Letter Day [Red-Letter Day] What’s going on here? Nvidia’s mailbox is usually full of chunky orders and adoration from investors – but this week, the US Department of Justice (DoJ) [added]( subpoenas to the pile. What does this mean? The DoJ is seeking evidence to decide whether Nvidia has violated antitrust laws – in other words, used unfair tactics to restrict competition in the market. More specifically, regulators seem to believe that the chip company is making it hard for firms to switch suppliers, and punishing buyers with wandering eyes while rewarding loyal customers with special deals. The DoJ may give Nvidia’s proposed acquisition of RunAI a review, too. Unsurprisingly, the chip industry’s poster child says it’s done nothing wrong, and that it just can’t help having the best products on the market. Why should I care? For markets: Money can buy happiness, actually. Nvidia’s become a vital cog in the supply chain for tech titans like Microsoft and Meta, who drop over 40% of their hardware budgets on its specialized gear. And with a ton of tech companies scrambling to keep up, Nvidia’s sales have been doubling each quarter. In fact, Nvidia's profit this year is set to beat the total sales of its closest competitor, AMD. It’s safe to say that the chipmaker has enough cash to put up a fight, so the DoJ’s probe might not come to anything. But it might not take much for investors to panic. They sent Nvidia’s stock down nearly 10% on Tuesday, after all, spooked by underwhelming US economic data. The bigger picture: If it wasn’t for you meddling laws... It’s not just Nvidia: Google, Meta, and Apple have all been pulled aside by regulators recently. So it’s no wonder the biggest names in tech are antsy about the upcoming US election. The next president may be more or less forgiving about the whole “cornering the market” thing – and whoever it is will dictate the handling of social issues that indirectly affect the industry, too. You might also like: [Six secrets to bagging the next Nvidia](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Red-Letter Day&utm_campaign=daily-global-05-09-2024&utm_source=email) 💬 Quote of the day "To know is to know that you know nothing. That is the meaning of true knowledge." – Socrates (a Greek philosopher) [Tweet this]( Join the Oracle Of Wall Street this December They say you can’t predict the future. Well, try saying that to [Meredith Whitney](, the analyst who predicted the 2008 financial crisis. Once known as the “Oracle Of Wall Street”, Meredith Whitney has been sounding the alarm again, predicting that [several factors in the US]( could push several regional banks over the edge. So forget about your tarot card appointment: [grab your ticket for the Modern Investor Summit]( this December 3rd and 4th, and find out what Meredith Whitney sees coming for the global economy. [Get Your Free Ticket]( 🎯 On Our Radar 1. ChatGPT goes to church. How artificial intelligence could [write sermons and prayers](. 2. There’s more to ETFs than index tracking. Read our free guide to using [Leveraged and Inverse ETFs for three real-world examples.](* 3. Really working remotely. A [pig has just had surgery]( from a team working 9000 kilometers away. 4. Talk about being “in the money”. [Get the lingo down]( before you trade options. 5. Absolutely smashing it. Why [smash burgers]( are so popular now. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Grab your tickets... All events in UK time.💅[Top Tips Every Options Trader Should Know](: 5pm, September 11th 🔨 [Five Portfolio Hacks For Busy Investors](: 5pm, September 12th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. 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