Time can speed up radically in the markets.
Global stock and bond markets rose and fell and rose again in cascading waves, moving across oceans and time zones.
Fears of a recession in the United States mounted, and the Federal Reserve came under pressure to cut interest rates and spur growth.
Late in the week, it was almost as if the seemingly calamitous market whirlwind had never happened.
What we just experienced wasn’t all that severe, on a historical basis, at least not in the United States — but it could well presage deeper losses down the road.
Organizations:
Global, Federal Reserve
Locations:
United States