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🚨BREAKING: The S&P 500 is down 0.6% today, which sounds small until you do the math.
At roughly $55 trillion in total US market cap, that is over $300 billion in paper wealth gone in a single session.
And this is on top of what has already been one of the worst months for global equities since 2022, with the Kospi circuit-breaking twice, the Nikkei off nearly 5% this week, and Bitcoin printing a 21-month low below $60,000.
The -0.6% headline buries the context. The context is what matters.