The S&P 500 clawed its way upward on Friday, riding the wave of an incredible comeback after Monday’s wild VaR shock.
Picking up the pieces The S&P 500 clawed its way upward on Friday, riding the wave of an incredible comeback after Monday’s wild VaR shock. Japan found itself smack in the middle of the chaos as a surging yen sent local markets reeling and unleashed a tidal wave of carry trade unwinding. The Bank of Japan didn’t just catch the market off guard—they practically yanked the rug out from under it with an unexpected rate hike that left traders scrambling.
recession followed 4 out of these 10 market dislocations. So, what’s the big takeaway? While a recession often follows a major market meltdown, it’s not a given. Not every market freakout means we’re on the brink of a recession—it all depends on where we are in the economic cycle. But let’s not kid ourselves; this time around, we’re dealing with a cocktail of aggressive tightening and an inverted yield curve, so it’s definitely not something to brush off.
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