🧵 1. Market sell-off could spiral into a self-fulfilling prophecy potentially leading to a recession, analysts warn. Concerns rise as global markets tumble. #finance
🧵 1. Market sell-off could spiral into a self-fulfilling prophecy potentially leading to a recession, analysts warn. Concerns rise as global markets tumble. #finance
🧵 2. Morningstar analysts caution that prolonged market declines may trigger cutbacks in investments and consumer spending, fueling a cycle of economic downturn.
🧵 3. US stock market plunges following weak jobs report lead to worries about economic health. Unemployment rate rises, raising questions about potential recession.
🧵 4. Analysts note US GDP grew by 2.8% in Q2, indicating slower but still positive economic performance. Banks show confidence in resilient nature amid market volatility.
🧵 5. Despite global market volatility, Morningstar remains optimistic about banks' stability, citing strong capital buffers and limited impact on financial institutions amid potential further declines or recession.
🧵 Read more at: https://www.cnbc.com/2024/08/06/market-sell-off-could-become-self-fulfilling-prophecy-morningstar-warns.html