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US stocks freefall continues, recession looms large

US stocks freefall continues, recession looms large

In a stark warning for Wall Street players: Stocks are in free fall and bearish sentiment is far from getting exhausted -- especially with hawkish central bankers rattling recession-obsessed markets like this. The S&P 500 just sank to the lowest since December 2020, bringing this month's losses to nearly 8 per cent, as the pound weakened to records while commodities buckled under the weight of a hulked-up dollar.

US Treasury yields continued to rise, with the 10-year rate climbing as much as 21 basis points to 3.898 percent, its highest level since April 2010.

Monetary policymakers in Europe and the US gave no succor to risk assets that keep notching wretched milestones in the face of a concerted global increase in interest rates.

US stocks freefall continues, recession looms large

US stocks freefall continues, recession looms large

In a stark warning for Wall Street players: Stocks are in free fall and bearish sentiment is far from getting exhausted -- especially with hawkish central bankers rattling recession-obsessed markets like this. The S&P 500 just sank to the lowest since December 2020, bringing this month's losses to nearly 8 per cent, as the pound weakened to records while commodities buckled under the weight of a hulked-up dollar.

US Treasury yields continued to rise, with the 10-year rate climbing as much as 21 basis points to 3.898 percent, its highest level since April 2010.

Monetary policymakers in Europe and the US gave no succor to risk assets that keep notching wretched milestones in the face of a concerted global increase in interest rates.

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