Risk-On Momentum in Stocks Succumbs to Mounting Growth Worries
Posted on AllSides September 8th, 2024
From The Left
The seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from record high to record high.
A rout early last month was a glimpse of how quickly things can turn bad, a sharp selloff driven by US recession fears that rocked investors used to going in only one direction. While the S&P 500 subsequently rebounded, crucially it didn’t made back all the ground lost.
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