STOCKS DECOUPLE, SELL OFF
RECESSION ODDS CLIMB
Troubling data-long foretold in the bond and commodity markets - woke traders across risky assets up from their slumber this week, in the worst performance for stocks since the 2023 regional bank crisis.
After rebounding from the early-August swoon, traders succumbed to growth fears due to a steady drumbeat of dispiriting economic news, particularly from the labour market. The S&P 500 fell for four straight days, credit spreads widened at the fastest clip since early August, and an index of computer chip makers plunged 12 per cent - the most since the pandemic meltdown.
Diese Geschichte stammt aus der September 09, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der September 09, 2024-Ausgabe von Business Standard.
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