Global financial markets came into focus on March 10, when the Dow Jones index lost over 1000 points in the largest daily losses since the beginning of 2025. On the backdrop of declines in tech stocks, Nasdaq also experienced significant losses, while Tesla's shares fell by 15% - the worst showing since 2020.
Currently, the American stock market is considered overvalued by practically all metrics. The price-to-earnings ratio for the S&P 500 index over the past 12 months reached 27.2 - this is almost as high as at the peak of the tech bubble at 29.9.
Investors are concerned about the price drop in cryptocurrency, as Bitcoin fell below the mark of $80,000. Giants of the market, including Meta and Nvidia, also suffered severe losses, exceeding 5%. The price-to-earnings ratio for stocks reached record high levels, raising serious concerns among investors.
