Daily Maverick
For much of the past month, financial markets have resembled a casino around closing time; it has been loud, overcrowded and powered by a relentless sense of greed. The reckoning, when it came last week, was sharp. The tech-heavy Nasdaq fell 4.2% on Friday alone, its steepest single day decline since Trump’s infamous ‘Liberation Day’ in April 2025. Global equities shed trillions in market value over just a few sessions. The question investors are now asking, with varying degrees of panic, is: Is this merely a healthy rationalising of valuations, or the opening act of a brutal crash?
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