US recession fears prompt global market sell-off | Invesco's Kristina Hooper shares her latest market analysis - IFA Magazine
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US recession fears prompt global market sell-off; Japanese stocks dropped 12.4% on Monday; European stocks fell 2.2%; US markets also tumbled; VIX volatility index briefly spiked above 60; US Federal Reserve kept interest rates steady; US economic data showed weakness; Initial jobless claims worse than expected; Manufacturing PMI for July fell to 46.8; US employment situation report for July showed lower than expected non-farm payroll gains; Bank of Japan raised key policy rate and reduced purchases of long-term Japanese Government Bonds; Bank of England cut policy rate by 25 basis points; Market sell-off due to Fed's hawkish stance, Middle East instability, tech earnings disappointment, and US election uncertainty; Positive earnings surprises in Q2; Third-quarter earnings forecasts not downwardly revised significantly; Recession indicators have not been triggered; Fed rate cuts expected in Q3; Valuations have become more attractive; Investors should stay calm and be patient; Jackson Hole conference may provide more insight into Fed's rate-cutting plans.

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https://ifamagazine.com/us-recession-fears-prompt-global-market-sell-off-invescos-kristina-hooper-shares-her-latest-market-analysis/