Over $10 trillion has been wiped out from the US stock market this year.

The US stock this year has been on bearish momentum, from the past few months just as crypto movement. But basically I think it could be because of the inflation almost all stock are affected recently.

US100 (Nasdaq) Data Review

Source
Currently nasdaq is still battling with the bearish momentum today I checked the Nasdaq composite most of the stock has been down for some weeks.

• S&p 500
• Dow industrial
• Russell2000
• NYSE Composite
  These stocks move above -0.20% as from today. Just from today the rate at which stock is dropping daily is increasing gradually. I think the major cause of this could be the inflation that hit US government, the rate of the inflation has not happened for 4 decades now. Plus the crypto bearish wave too. I think almost everything is being affected for now so many things happen lately the Russian war could be a plus to it.

US100 Weekly CHART

On the weekly chart we can see how price drop from the
16742.4 price from last year December so basically the stock market has been on the bearish momentum since ending of last year to the beginning of this year 2022 and it looks like is just the beginning of the drop there's no sign of retracement for the past few weeks. Probably we might see a little push though at this current price but if this zone is taken out we might see the price kissing the 10000.0 soon. hopefully fully the inflation slow down and other factors pushing it down as well reduced.
Thank you for reading my post

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