US stocks ended higher on Friday as investors rallied to end the day in the green, throwing off new banking fears out of Europe.Deutsche Bank stock plunge and unsettled financial markets early in the day. The slide came as bets on the German lender defaulting on its debts soared, withYields on key Treasury bonds were down.
"Confidence is fragile, market volatility is likely to stay high, and policymakers may have to go further to make sure faith in the global financial system stays solid," Mark Haefele, chief investment officer at UBS Wealth Management. said in a note on Friday. Haefele added:"Financial conditions are also likely to tighten, which increases the risk of a hard landing for the economy, even if central banks ease off on interest-rate hikes."
Enough with the people rooting for a recession.
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