Morning Bid: Bears at the gate – Reuters
- Date: 24-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
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.