US Markets Wrap

The Dow Jones Industrial Average just post its worst day in nearly two years, as worries over the health of the US economy sparked a global market sell-off. Both the blue-chip Dow and S&P 500 registered their biggest daily losses since September 2022.  The latest moves come as fears of a US recession sparked a global market meltdown, following a disappointing July jobs report. Michele Schneider, Chief Strategist at MarketGauge Group shares her insights on all the key movements in the US markets right now, including how concerned she is about the latest dips, whether investors should be looking at reducing their exposure and how best to navigate the turbulence, why energy and oil are on her radar, as well as the bitcoin sell-off Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters

Nadine Terman, CEO & CIO, Solstein Capital shares her takeaways on the latest earnings revolving mega cap tech giants, Apple and Amazon, whether the economy is leaving elevated inflation blues behind, if she foresees debt further easing in 2025, and whether we'll be seeing further weakness in the US labour market moving forward. Presented by: Yeap Junrong Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters

The Federal Reserve did not lower interest rates today, but its statement did tee up the possibility of a September cut. Federal Reserve Chair Jerome Powell laid the groundwork for a September move to lower interest rates but has left himself some room to divert if the data doesn’t go according to plan.  Frank Cappelleri, Founder and President, CappThesis shares his insights on the impending rate cut and the effects that might have on US equities. Presented by: Yeap Junrong Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters

Brenda Vingiello, Chief Investment Officer, Sand Hill Global Advisors shares her insights on AI monetisation, what investors should be thinking about when considering whether now is the right time to cash into the AI sector, expectations for the FOMC meeting later this week, as well as how earnings from companies that are seeing a shift in consumer spending might play out for the US economy.  Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters

David Martin, Founder & Chief Investment Officer at Martin Fund Management shares his insights on the latest trader sentiments around the equity market, direction of the oil sector currently, as well as names on the market to look out for. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: pixabay & its talented community of contributors 

Kristina Hooper, Chief Global Market Strategist, Invesco shares his insights on the potential rate cut timeline, cracks forming in the markets currently and how investors should position themselves as the earnings season continues, ahead of the FOMC meeting next week. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: pixabay & its talented community of contributors 

Jason Britton, Founder & CIO at Reflection Asset Management shares his insights on on the latest sea of red in the markets coming on the back of Tesla and Alphabet's earnings release, sentiments and expectations surrounding AI, and if this is the time to be contrarian. He also shares his current industry picks. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: Ian Maule/Bloomberg News

Rick Bensignor, President, InTheKnowTrader.com shares his insights on the latest unwinding of the equity markets, sentiments surrounding the number of rate cuts, the upside for gold at the moment as compared to "digital gold" - or bitcoin - and how investors are responding to shifts in the US presidential election space. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: Business Day

Phillip Streible, Chief Market Strategist at Blue Line Futures shares his insights on how Biden pulling out of the 2024 Presidential race is shaking up the markets, whether last week's rotation away from tech is seeing a reversal, as well as safe haven currencies and commodities. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: Jacquelyn Martin/AP

Ryan Detrick, Chief Market Strategist, Carson Group shares his insights on the momentum of the tech rally, what's happening with the spending segment of the market, and whether the complications with the US Presidential Elections would have any implications on potential rate cuts this year. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: AP Photo/Gene J Puskar // Mario Tama/Getty Images