The US stock market lost another $1 trillion yesterday, with indices falling to a 2-month low, adding pressure on oil and commodity prices

For the third week in a row, stock markets have lost 1.5-2%, and yesterday the US stock market was sold off after many players took profits, whose stops were triggered. But the lower the market fell, the more stops it hit.

AI-related stocks were the hardest hit. The S&P 500 fell 1.66% on Thursday, the Dow Jones Industrials fell 1.65%, and the Nasdaq 100 fell 2.05%, with the S&P 500 hitting a 2.25-month low, the Dow Jones Industrials hitting a 5-week low, and the Nasdaq 100 hitting a 2-month low.

The Fear/Greed Index has fallen to 6 (hello, April), but for very different reasons — fears of an AI bubble bursting, liquidity issues, and a tight Fed.

Cryptocurrency prices are also falling sharply - bitcoin fell 7.3% to $85,700 per day and fell below the cost level of major players, which may cause a further sell-off, ether - by 7.4% to $2.8. The price of bitcoin fell by 22% per month.

Weekly claims for continuing unemployment benefits in the United States rose to 1.974 million, the highest in four years and a sign that those currently unemployed are struggling to find new jobs. It points to a weakening U.S. economy, despite a surge in tech stocks this year.

Talks about a possible halt to the Russian war against Ukraine and a new US peace plan led to a fall in January Brent crude futures over the last 2 sessions by 2.2% to $63.4/barrel, and quotes continue to decline (+3.9% per month).

Against the backdrop of falling oil prices, stocks and cryptocurrencies, pressure will increase on commodity futures, which have been growing mainly due to speculative money, which will now be significantly reduced on the market. In addition, global grain balances are quite good this season, so there is no shortage of any goods, and forecasts of a possible weakening of the US economy could lead to a crisis in the Chinese economy and a decrease in demand for goods.