Morning Bid: Bears at the gate – Reuters

Morning Bid: Bears at the gate – Reuters

A look at the day ahead from Julien Ponthus

With a 14% fall from its November peak, not only is the Nasdaq deep in correction territory, it is also now within striking distance of the 20% fall bar which defines a bear market.

And while a U.S. Federal Reserve tightening cycle could be expected to weaken tech and other growth sectors, market stress is actually spread throughout Wall Street.