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Wall Street traders suddenly converge on the economic hazards ahead

Business Standard LogoBusiness Standard5h ago

Wall Street traders suddenly converge on the economic hazards ahead - Business Standard

Quick Summary:

Yet the trading action — especially on Friday — was a rare instance of accord among cross-asset investors, who have never been more divided about the economy’s future since 2019, according to one measure.

Bond investors — historically dubbed the smart money for their propensity to foresee economic shifts — priced in faster interest-rate cuts.

With the stock benchmark up 13 per cent this year, the gyrations are a mere blip in bulled-up charts, and risk-sensitive assets are still largely pricing in a soft landing ahead.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-08 @ 17:05:24 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22409085

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 123 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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