Well Softbank has become a clear example of what happens to buyers in an overvalued market: its shares fell 7.2% on Monday to their lowest level in two months. And it is far from the fact that this is the bottom.
Tesla has been plagued by problems too. Buyers' hopes that the company would be included in the SP500 index were dashed after the index committee did not add an electric car manufacturer to the SP500 . So the bears have every chance to build on their current success and drive the company's shares to $ 200 or below.
At the start of the week, the British pound was under strong downward pressure. The reason is Boris Johnson's ultimatum: Great Britain is ready to withdraw from the negotiation process if there will be no serious breakthrough in it in the nearest future.
The week for oil did not start well. Despite a rather strong decline in US oil inventories last week, the number of active drilling rigs in the US showed insignificant growth. In addition, Saudi Arabia has sharply reduced its oil prices for Asian buyers (the maximum decline in the last 5 months). Well, the situation in the world economy after the failures of India and Australia last week continues to indicate that a quick recovery in oil demand should not be expected. That is, the current fundamental background for oil is rather gloomy, which means that sales should be preferred.