To be sure, the carnage on Wall Street and in equities markets around the world was real.
But Monday’s panic was the Wall Street equivalent of a tantrum from a kid who just got told they can’t have ice cream for dinner.
But don’t let the stock market drama fool you: The US economy is still in good shape, despite some turbulence.
“And I’m not too worried about Wall Street becoming poor.”Stocks looked to bounce back Tuesday.
Wall Street worked itself into a lather when ChatGPT came out two years ago.
Persons:
CNN Business ’, Stocks, Dow, Wall, don’t, Rana Foroohar, That’s, it’s, Goldman Sachs, ”, Jan Hatzius, ” Goldman, There’s, Beryl, “, Beryl didn’t, Aaron Sojourner, ’ ”, ChatGPT, Rob Haworth, ” Haworth
Organizations:
CNN Business, New York CNN, CNN, Nikkei, of Labor Statistics, Coast, BLS, WE Upjohn, Employment Research, White House Council, Economic Advisers, Fed, Federal, Markets, Big Tech, Nvidia, Microsoft, Wall, Bank of Japan, US Bank
Locations:
New York, Japan