The Odds of A Global Recession Are 98%. S&P 500 Extends Drop, On Pace For Lowest Close Since November 2020
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The odds of a global recession are 98%, per Ned Davis Research. pic.twitter.com/OiMDHSvWBy
— unusual_whales (@unusual_whales) October 10, 2022
S&P 500 EXTENDS DROP, ON PACE FOR LOWEST CLOSE SINCE NOVEMBER 2020
— *Walter Bloomberg (@DeItaone) October 11, 2022
NEW: Bank of America predicts US economy will soon start losing 175,000 jobs a month
— Insider Paper (@TheInsiderPaper) October 11, 2022
BREAKING: The IMF warns “the worst is yet to come" as it cuts its forecast for global growth next year to 2.7% https://t.co/GqLZ5KM2cR pic.twitter.com/BzrZPOpwI3
— Bloomberg Markets (@markets) October 11, 2022
Inflation will peak later this year and will remain elevated for longer than previously expected, only slowing to 6.5% next year, according to IMF forecasts https://t.co/fDNeGeYjQ5 pic.twitter.com/IkST3qFnbp
— Bloomberg Markets (@markets) October 11, 2022
We're back on the edge of the large volume gap on the S&P 500. Below 3570 there's no volume support.
Markets need to bounce from here or things get spicy real quick. pic.twitter.com/HoHzVOCUc7
— Financelot (@FinanceLancelot) October 11, 2022
After spending HK$22 bn on stock buybacks year to date, #Tencent hit lowest since Nov 2018… pic.twitter.com/bTkyZa67fr
— Cathy Yuan Zhang (@CathyYuanZhang) October 11, 2022
The U.S dollar is wreaking havoc globally, and it's only just starting to pick up momentum. You'd have thought by now that other nations would have bailed from its hegemony. But in reality, there's no way out… 1/
— Concoda 🥷 (@concodanomics) October 10, 2022
With record-high consumer loans, commercial loans, wage growth, and net worths, plus trillions of dollars of liquidity still swashing around the financial system, the infamous Fed Pivot™ remains a pipe dream… pic.twitter.com/XnJabasLNa
— Concoda 🥷 (@concodanomics) October 10, 2022
The Fed doesn't seem to care much that additional interest rate rises will inflict significant pain on the rest of the world. In a move that will likely make the history books, the United Nations warned the Federal Reserve to stop raising interest rates further… https://t.co/ZYRUeODzap
— Concoda 🥷 (@concodanomics) October 10, 2022
— IV (@iv_technicals) October 11, 2022
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
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JPMorgan Chase CEO Jamie Dimon said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis when the world tips into recession.
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“But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC’s Julianna Tatelbaum on Monday.
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His comments come at a time of growing concern about the prospect of an economic recession as the Federal Reserve and other major central banks raise interest rates to combat soaring inflation.
JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year.
Dimon, the chief executive of the largest bank in the U.S., said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis.
“But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC’s Julianna Tatelbaum on Monday.
