Stock Rally Hits a Wall as Economic Headwinds Loom: Markets Wrap

Stock market failed to gain traction on speculation that a recent rally has probably gotten overdone as economic risks linger. Treasury yields rose, adding pressure to market. JPMorgan Chase & Co.’s chief Jamie Dimon suggests US economy might escape a deep recession.

March 7, 2023 . 2:50 AM

1 min read

Stock market failed to gain traction on speculation that a recent rally has probably gotten overdone as economic risks linger.
Treasury yields rose, adding pressure to market.
Four major events between now and the Federal Reserve’s March 22 decision will be the key catalysts in determining whether the 2023 revival in equities gets derailed or starts rolling again after a February slump.
JPMorgan Chase & Co.’s chief Jamie Dimon suggests US economy might escape a deep recession with possibility of a 'mild recession'.
Spread between BBB rated dollar-denominated corporate debt and the earnings available on the S&P 500 is now above zero for the first time since the global financial crisis.