Societe Generale says it too soon to call a US recession despite the concern in markets this week over a hard landing.
- “The largest moves of the last week happened in Japan and Technology, suggesting that Tech valuation and carry-trade reversals are a more convincing explanation for the volatility than the rising probability of a U.S. recession”
- Says if the US avoids a recession, and the Federal Reserve eases monetary policy easing it’ll benefit Hong Kong and Chinese mainland equities
This article was written by Eamonn Sheridan at www.forexlive.com.
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