08/05/2024
“Fears of a U.S. recession were the main culprit for the global market meltdown after Friday's disappointing July jobs report.”
Recession fears? I thought they kept telling us how we have the greatest economy in US History? 🤷♂️
One potential positive is this will put immense pressure on the Fed to finally ease rates which could positively impact investors. 📉
Stay tuned..this could get interesting.
The U.S. stock market was under pressure amid a broad global equity market sell-off. The losses come after the Nasdaq Composite fell into correction Friday.