Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
The U.S. stock market has officially entered a correction, with the S&P 500 plunging over 10% from its February 19 high. The Nasdaq Composite also confirmed its correction last week. This downturn has erased $5 trillion in market value, marking a stark shift from the bullish sentiment earlier in the year.
Historically, market corrections—defined as declines of at least 10%—are common. Since 1929, the S&P 500 has seen 56 corrections, with only 22 turning into bear markets. On average, corrections result in a 13.8% drop, far less than the 35.6% average decline of bear markets. The current correction has lasted 22 days, with historical data suggesting an average of 115 days.
Market uncertainty has been fueled by ongoing tariff disputes, inflation concerns, and economic slowdown fears. Investors worry that escalating trade tensions could trigger a recession, eroding confidence in the so-called "Trump put"—the expectation that policies will support the stock market.
In response, investors are flocking to safe-haven assets. The yen has surged 6.5% this year, gold hit record highs with a 13% gain, and U.S. Treasury yields have fallen as demand for bonds rises. Defensive sectors like healthcare and consumer staples have outperformed.
Investor sentiment has soured, with the AAII Sentiment Survey showing pessimism at a two-year high. Institutional investors are cutting equity exposure, while volatility has spiked, with the VIX at a seven-month high.
Tech stocks, particularly the "Magnificent Seven," have taken a hit, with Tesla down 33% since the market peaked. As risk appetite wanes, this correction may shift market leadership toward more defensive sectors.
