News Formal

The global market sell-off is 'temporary': Strategist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Jason Pride News

Market Corrections,Jobless Claims,Global Market

The number of initial jobless claims filed for the week ending in August 3 fell to 233,000, coming in below the expected 240,000. The cooler-than-expected...

stoked recession fears and kicked off a three-day global market sell-off. Glenmede senior investment strategist Jason Pride joins Catalysts to discuss the latest labor print and what it signals for major markets.

So my question to you is to what extent do you see this sell off continuing and therefore becoming an even more historic moment? In terms of the pressures on the market, there's still gonna be some recalibration on the economic front for people. Uh Our models are basically saying this is not a, you know, guaranteed or, or high likelihood of recession, even with some of the unemployment numbers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BMO chief strategist bullish on Canadian small-cap stocks, provides top picksDaily roundup of research and analysis from Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »

Strategist's 3 reasons on why the market will remain steadyUS equities (^GSPC, ^DJI, ^IXIC) are in flux after faced with a large sell-off on Monday, a small rebound on Tuesday, and closing Wednesday's session lower. ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »