With gold prices softening, some investors redirected borrow online money into underperforming consumer discretionary stocks, anticipating Q3 recovery driven by stronger retail sales data. It’s bad enough when the internet goes down for a few hours because your power went out after a storm, but what if the internet went down indefinitely, sort of everywhere? What if your state or an entire region of the country lacked the internet or electricity because of a cyberattack or something innocuous, like problems with an aging grid or the federal government forgot to pay a bill? Your home can provide inexpensive access to a large sum of money to borrow right now. In Q2 2024, the S&P 500 showed a modest 3.8% gain, but the borrow online money trend among day traders is spiking. This borrowing behavior could amplify short-term market swings, particularly in growth stocks with P/E ratios above 40.
