U.S. stocks fall on recession fears, weak oil prices

"What's happening today is modest continuation of those underlying dynamics, that the market is finally starting to take seriously will we have a recession 2023," said Michael Green, chief strategist and portfolio manager at Simplify Asset Management in New York.

While recent data pointing to an easing in inflationary pressures has bolstered hopes of smaller rate hikes, a tight labor market and a resilient American economy have spurred worries that rates could stay higher for longer. Markets are now pricing in 69% odds of a 25-basis point rate hike at the U.S. central bank's February meeting and see rates peaking at 4.94% in the first half of next year. .

PerlaaRicci How bout a global effort to invest in the SMP 500, then create abundant jobs offering healthcare insurance and income insurance alongside the big companies?

Also, people are selling under performance stocks to get their year-end tax write-offs.

Mr. Biden offered USD 55B to African tyrants! This money should have been used to save the situation rather than handing it to African Tyrants to oppress Africans

Stock market crashing....Americans freezing to death......and the President is vacationing in the US Virgin Islands.....................

So the market wants to go back to $6 a gallon? The “market” doesn’t know shit.

The Fed need to stop interest rate increases. We have defeated Trump's inflationary devaluation of the dollar. We do not have to create an artificial recession.

banana cleaner 😂

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