Posted Sep 23, 2022, 5:25 PMUpdated on Sep 23, 2022 at 10:11 PM
Accelerated monetary tightening by central banks and fears of an impending recession sent market rates skyrocketing and wreaked havoc on equity markets this week . In Europe, the broad STOXX 600 index and the Parisian CAC 40, down more than 20% from their last peak, have officially entered bear market territory.
L he bond market is on the verge of a crash, both in the United States and in Europe. The New York Stock Exchange ended sharply lower on Friday. The Dow Jones established a new low for the year in session, before rebounding slightly and ending down 1.62%. As for the Nasdaq index, it lost 1.80%, while the broader S&P 500 index dropped 1.72%.
