The AEX price is again -0.86% in the red today and has fallen below 900 points. On Monday 15 July, the AEX made an all-time high of almost 950 points, but with the current price of 895 points, there is little left of that.
Where does free fall end?
It seems that the market is really in trouble now. The AEX started the year 2024 fantastically and sailed along with the AI narrative, from which ASML in particular benefited.
Now it seems as if the AI hype can no longer live up to the high expectations. In order to continue the price increases, companies have to come up with figures that are far, far above expectations.
That is no longer possible at the moment, which may cause the high share prices to take an even greater hit.
ASML is clearly struggling at the moment and is -1.95% in the red again today. This brings the Dutch pride in the field of computer chips to a price of 814.7 dollars. That is very different from the price of over 1,000 dollars that was recently on the boards.
Bitcoin the only stable one?
Over the past five days, all major stock market indices have plunged into the red. Gold is down -1.90% while the AEX is down -1.93%.
The US S&P 500 is doing even worse with a decline of -2.12% and the Nasdaq is taking the cake with a decline of -3.41%.
Bitcoin looks relatively stable with a +0.28% increase over the past five days, but it also needs to be careful. It is clear that Bitcoin could not maintain the increases of the past weeks.
The hope now is for a market rebound, but where that will come from is currently a mystery. The renewed optimism about the three potential rate cuts from the US central bank seems to be priced in already.
In that respect, it will really be a period of nail-biting for the AEX and the rest of the financial market.
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Source: https://newsbit.nl/aex-koers-opnieuw-onderuit-waar-eindigt-deze-vrije-val/
