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RE: LeoThread 2024-12-17 14:54

in LeoFinancelast year

Part 7/10:

By June, the economic landscape underwent seismic shifts. On June 9, a baseless rumor regarding Saudi Arabia abandoning the U.S. dollar sparked massive online discussions. However, this turned out to be misinformation, as the dollar continued to strengthen. Following that, on June 18, NVIDIA briefly overtook Microsoft as the world's most valuable company, driven by the booming AI sector and a growing demand for its technology.

The "great unwinding" began in August, wiping out $6.4 trillion from global markets in a matter of weeks. This fluctuation highlighted the interconnectedness of global financial markets, particularly as Japan's interest rate policies shifted, prompting traders to reassess positions.