U.S. financial conditions have tightened in recent days as investors have pulled back on riskier assets, causing the S&P 500 to shed 4.3%, the Dow Jones Industrial Average to drop 3.32% and the NASDAQ to fall 6.1% over the past three trading sessions. The Bloomberg Financial Conditions Index is ... READ MORE >
S&P 500
Real economy faces severe test as coronavirus challenges to business activity mount
Volatility across asset markets and the end of the 11-year bull market run in equity prices strongly implies that the current business cycle will soon come to an end, if it hasn’t already done so. The exogenous shock of coronavirus, which has triggered severe financial shock and profound second-order ... READ MORE >