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stock marketInsider
•78% Informative
Markets crashed in Japan early Monday , with the headline Nikkei index falling by as much as 12.4% .
By the end of the day it was clear that US stock markets could not catch their breath.
The main reason for the market's tranquility this year was the strong conviction that America 's battle with inflation would end with a soft landing.
The signs that the economy is slowing are neither unexpected nor unintended.
David Gergen : The jobs report changed the entire market's tenor after the jobs report.
He says a slowing economy is what policymakers and investors wanted to see, but not one so slow that it could hurt the jobs market or tip the economy into a full-on recession.
Gergen says there's a strong case for the US being in a kinder, more forgiving slowdown.
Until Wall Street can be sure that the consumer will hold on, conviction is easily shaken.
After years of weird times and outsize gains, Wall Street is dancing on a knife's edge.
The Fed is likely to cut rates in September , but if the economy's deterioration accelerates, the probability of a recession increases.
VR Score
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