Stocks halted a selling stampede as Wall Street traders sought signs of a bottom after a $9.5 trillion global wipeout that put the S&P 500 on the brink of a bear market.
The S&P 500 rose 3% on Monday, reversing an earlier slide of about 5%. Bonds erased their rally, but markets continued to price around 100 basis points in policy easing by the end of 2025- equivalent to four quarter-point cuts.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.