Tag: JPMorgan

Investors Run to Safety as JPMorgan Increases U.S. Recession Risk to 40%

Investors Run to Safety as JPMorgan Increases U.S. Recession Risk to 40%

Investors rapidly retreated from risky assets this week as JPMorgan raised U.S. recession odds to 40%. Following this, the S&P 500 plunged 2.7%, hitting September lows. Similarly, the Nasdaq nosedived 4%, marking its worst day since 2022, while the Dow Jones shed 900 points. Tech stocks and cryptocurrencies led the sell-off, reflecting heightened economic anxiety despite White House assurances. Morgan…

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