Holistically the markets move in cycles and it has the tendency to be forward-looking. Therefore, both the good and the bad news gets discounted before it has truly occurred. The news that the West could go into recession is no longer ‘NEWS’. It has been fairly discounted by the market like it had discounted previous major events.
US at risk of stagflation, Fed right to hold: Jamie Dimon
Jamie Dimon cautions against complacency, highlighting the risk of stagflation amid geopolitical tensions, deficits, and persistent price pressures. He acknowledges the Federal Reserve’s cautious approach