HyperLocal Loop
Jun 23, 2026
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Market Turmoil: $3 Trillion Lost in 24 Hours, Bank Runs Begin

By OBBM Network Editorial Staff

Travis Spencer

The global market has just experienced a staggering loss of $3 trillion in a mere 24 hours, with bank runs beginning and investors scrambling to respond. This unprecedented downturn has left many wondering what triggered such a drastic decline. According to experts, the heavy selling in AI tech and semiconductor stocks, the Bank of Japan’s recent rate hike, and stronger than expected U.S. jobs data are all contributing factors.

Market Analysis

Travis Spencer, host of Real Estate Mindset, delves into the market analysis, stating, ‘We’re still in pre-market. Dow’s down 0.41%. You guys can see how it kind of rebounded at around 3 a.m. and kind of ticking back up. The S&P 500 didn’t rebound as well as the Dow. S&P down 1.25% as the recording of this video.’ He further explains that the market is experiencing a massive sell-off, with investors rushing to collect their profits and move into cash and defensive assets.

Investor Exodus

The investor exodus from private credit is also a significant concern, with quarterly redemption requests as a percentage of the fund net assets increasing. Travis Spencer notes, ‘We looking at the velocity now. The first thing is we looking at the investor exodus again from private credit. We looking at quarterly redemption requests as a percentage of the fund net assets. And we’re looking at Apollo, BlackRock, Blackstone, Cliffwater, HPS, Monroe, Oak Tree, and TPG, Twin Brock.’ This trend is expected to continue, with investors seeking safer havens for their investments.

Conclusion

The current market turmoil is a cause for concern, with the potential for a recession looming large. As Travis Spencer advises, ‘I’m trying to stay patient. And I’m asking myself, what do I want to do as I’m doing nothing?’ Investors must exercise caution and carefully consider their next moves. The full episode of Real Estate Mindset is available on OBBM Network TV.


Watch the full episode:

Full episode available here through June 28, 2026 — a highlight clip replaces this player after that.

Watch Real Estate Mindset on OBBM Network TV: https://www.obbmnetwork.tv/series/real-estate-mindset-207931

OBBM Network Editorial Staff

[email protected]

Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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