Full Coverage
Global stocks fall for second straight week as central banks raise rates
By Colby Smith, Chris Flood & Nicholas Megaw
Top news
From the Fed to Europe's currency crisis, here's what's behind this selloff in financial markets
By Patti Domm
Stock Markets Tumble as Recession Fears Return
By Joe Rennison, Eshe Nelson & Isabella Simonetti
Stock market news live updates: Stocks crater, oil plunges as Fed, growth fears intensify
By Alexandra Semenova
Posts on X
Formerly Twitter
Liz Ann Sonders
LizAnnSonders
As of the first quarter this year, ratio of S&P 500’s market cap to nominal GDP spiked to highest since end of 2021 pic.twitter.com/ieovbg0NgG
Posted on X
Mohamed A. El-Erian
elerianm
Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve.
(Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU
Posted on X
Mohamed A. El-Erian
elerianm
This goes some way in reconciling what had been a notable divergence between much of the macro data (strong) and quite a few of the bottom-up indicators (weaker).
#economy #growth #markets pic.twitter.com/OovJ1FVYBy
Posted on X
Carl Quintanilla
carlquintanilla
JPMORGAN: “.. This week’s flash release of the US #PMI report contained an unwelcome surprise: a 3.8pt plunge in services employment, the second-largest monthly decline (outside of the 2020 recession) since the survey began .. We are reticent to take much signal from this one… pic.twitter.com/v6zrpLbsYV
Posted on X
All coverage
Stocks tumble, dollar soars and bonds plunge as recession fears grow
By Herbert Lash, Amanda Cooper & Tommy Reggiori Wilkes