A renewed bout of volatility hit monetary markets as current speak about a US financial recession — largely seen as untimely — spurred warnings that this yr’s scorching inventory rally has gone too far. From New York to London and Tokyo, equities bought pummeled. Simply as markets began celebrating indicators from the Federal Reserve a few first fee lower, they have been hit by an ideal storm — weak financial knowledge, underwhelming company earnings, stretched positioning and poor seasonal tendencies.
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