Fear dominates financial markets! JPMorgan increases the likelihood of the US economy to be recession, while investors are rapidly out of risky assets. Stock and crypto currency markets have seen harsh decreases, investors turned their routes into safe ports. So, what’s behind this turmoil? Where are the markets going? As Kriptokoin.com, we transfer the details.
JPMorgan gave a recession warning: Risk increased to 40 %!
JPMorgan increased the probability of recession for the US economy from 30 %to 40 %. The bank’s economists say that interest policies, decrease in consumer expenditures and global economic uncertainties increase risks. Following this statement, the sales wave began in the markets.
Goldman Sachs also made a similar warning and announced that the United States will be recession within 12 months. The panic atmosphere in the markets is growing and investors quickly change their positions.
Stocks crashed: Big lost in technology giant shares!
With the effect of fear of recession, harsh sales in the US stock markets took place.
- The S&P 500 index lost 2.7 %and tested critical support levels.
- Nasdaq has received great losses in technology shares with a 4 %drop.
- Dow Jones Industrial Index has lost 900 points.
In particular, technology shares received a big blow:
- Tesla fell 15 %and was the worst performance of the year.
- Apple suffered more than 4 %losses.
- Alphabet (Google) fell by 4.5 %and surprised investors.
This collapse of technology shares clearly shows that investors escape the risk.
Red alarm in the crypto money market!
The collapse in the stock markets was also harshly reflected in crypto currencies.
- Bitcoin (BTC) fell by 4 %and fell to $ 76,784.
- Ethereum (ETH) fell to $ 2,050 with 6 %loss.
- Large subcoins such as Solana (left) and XRP depreciated over 5 %.
While the total value of the market melts approximately 240 billion dollars, investors seem to turn to safe ports.
What should investors pay attention to when giving JPMorgan recession warning?
Currently, a great uncertainty is dominant in the markets. The points that investors should pay attention to:
✔️ To follow macroeconomic developments closely
✔️ Avoid making sudden decisions in volatil markets
✔️ Keeping risk management in the foreground
✔️ Balance the portfolio by turning to safe ports
Especially the demand for gold and bond markets is expected to continue to exit from risky assets, while the demand for the recently increased rapidly.
