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

📆 08/08/2024 16:14:00
📰 YahooFinanceCA

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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.

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