by Bloomberg.com | Apr 8, 2025 | AlphaTack Intel
Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in train. “It’s more likely than not that we’re going to have a recession —...
by Bloomberg.com | Apr 8, 2025 | AlphaTack Intel
The stock market is particularly vulnerable to wild swings right now due to a combination of thin liquidity and headline-driven algorithmic trading bots. That’s what helped turn a false tweet about President Donald Trump’s plans for tariffs into a $2.7 trillion market...
by Yahoo.com | Apr 4, 2025 | AlphaTack Intel
JPMorgan believes the US economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy. The firm’s chief US economist Michael Feroli sees a two-quarter recession occurring in the back half of 2025 as...
by Bloomberg.com | Apr 4, 2025 | AlphaTack Intel
Shares of big US banks plummeted, notching their biggest two-day drop since March 2020, after China escalated its trade war with the US. Some of Wall Street’s top lenders, Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc., all closed more than 7% lower after...
by Bloomberg.com | Apr 4, 2025 | AlphaTack Intel
Senator Ted Cruz, usually a staunch supporter of President Donald Trump, sounded the alarm on the administration’s move to ramp up tariffs, saying they pose “enormous risks” to the US economy and make Republicans vulnerable to a “bloodbath” in next year’s midterm...
by Bloomberg.com | Apr 4, 2025 | AlphaTack Intel
In every corner of the financial markets, from stocks to bonds to commodities, investors are sending Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast. With China retaliating less than 48...
