Bitcoin
$63,689.00+1.00%
Ethereum
$3,131.73+0.86%
Binance Coin
$588.26+0.51%
Solana
$145.70+0.62%
XRP
$0.52991211+0.13%
Dogecoin
$0.16204296+7.05%
Toncoin
$5.73-0.52%
Cardano
$0.45906921-1.75%
Shiba Inu
$0.00002482+0.28%
Avalanche
$37.04+4.23%
Tron
$0.12171529-1.30%
Wrapped Bitcoin
$63,802.14+1.16%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to ConsensusThe largest and longest running event that covers all sides of crypto and Web3
24
DAYS
03
HR
15
MIN
40
SEC
Markets

Why the Stock Market Is Poised for Its Worst September Since 2011

Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.

By Nathaniel Whittemore
AccessTimeIconSep 26, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 10:01 a.m. UTC
Breakdown 9.26
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on. 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this edition of The Breakdown weekly recap, NLW looks at the fourth painful week for traditional markets in a row.

He discusses the factors contributing to the trouble, including: 

  • A normal correction from too-high valuations
  • The return of COVID-19 lockdowns
  • The end of easy recovery gains 
  • Diminishing likelihood of a stimulus bill
  • Election volatility

This week on The Breakdown:

Monday | The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering 

Tuesday | Marty Bent on Why Bitcoin and Big Energy Are Unlikely Allies 

Wednesday | Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein 

Thursday | Did Corporate Insiders Perfectly Predict the Market Top? 

Friday | Sven Henrich on the Ever-Weakening Economic Cycle 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.