Market crash imminent as 'defining moment' for economy nears: report

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Market crash imminent as 'defining moment' for economy nears: report - Rawstory

A “long-delayed’ pair of economic data points are set to be released “in the coming days,” leaving market analysts on edge over what could become a "defining moment” in determining whether the United States is on the cusp of a market crash, NBC News reported Tuesday.

“Markets are bracing for a turbulent week as major economic data returns and investor anxiety grows around interest rates, tech earnings and cryptocurrency weakness,” said Lukman Otunuga, a senior market analyst at FXTM Global, an online trading broker, in a statement to NBC News.

Those data points are the jobs report – delayed in part due to the recent government shutdown – and an earnings report from Nvidia, the company at the heart of the artificial intelligence boom, investments of which now make up about a third of the value of the entire stock market. The jobs report is scheduled to be released Dec. 5, and Nvidia’s earning report, on Wednesday.