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S&P 500 Falls Nearly 9% Amid Rising US Recession Fears

The S&P 500 slips nearly 9% from recent highs as recession worries intensify. Traders focus on tech, financial stocks amid volatile markets. -vtmarkets.com

Marko Kolanovic predicts the S&P 500 could fall to the 4000s amid recession fears

Marko Kolanovic predicts an S&P 500 decline due to geopolitics, US politics, and inflationary pressures.

After three days of decline, AUD/JPY recovered to near the 93.00 zone before Asia’s session

AUD/JPY rebounds near 93.00 but faces resistance; RSI remains negative, MACD shows easing pressure, support at 92.50.

API reported US crude oil stocks at 4.247 million, exceeding predictions of 2.1 million

Crude stocks rise, AUD/USD dips, USD/JPY recovers, gold stable as markets await US inflation data.

According to J.P. Morgan economists, the chance of a US recession has increased to 40%

J.P. Morgan raises recession odds to 40% due to extreme U.S. policies and persistent economic uncertainty.

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