The US stock market saw a significant sell-off this week, with related technology stocks falling to a two-year low. Market risk aversion is also gradually increasing, and many investors are worried that a series of fiscal and trade policies implemented by President Trump (Trump Donald) will have a huge impact on the global economy.
JPMorgan's global strategist, David Lebovitz, has also raised the probability of a US economic recession from 15% to 20%. Although market risk premiums have increased, Lebovitz remains optimistic about the current situation, believing that the economic fundamentals are still stable, and despite the possibility of further declines, he remains bullish.
Recommend buying technology and financial stocks when the S&P 500 falls below 5,500 points
According to Bloomberg, although the market volatility has intensified, Lebovitz believes that the current decline is mainly affecting