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Recession fears rattle U.S. stock market. Can Wall Street’s ‘Great Rotation’ trade roll on?
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Recession fears rattle U.S. stock market. Can Wall Street’s ‘Great Rotation’ trade roll on?
August 4, 2024
Arthur Bleemer
Fears of a looming U.S. recession spurred a massive stock-market selloff last week. Investors wonder if now is the right time to snap up defensive sectors of the market if Wall Street’s “Great Rotation” trade still rolls on.
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The U.S. economy is getting closer to a recession. What is the Fed waiting for?
A viral chart suggests a recession is coming after the Fed cuts interest rates — but don’t panic yet