Dow Futures Collapses as Wall Street Screams Recession Alarms
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By CCN: Dow Jones futures tumbled in early trading Monday as Wall Street firms triggered multiple recession warnings. Morgan Stanley warned that a recession is imminent unless tensions cool between the US and China.Morgan Stanley put out a 🚨⚠️🚨 note today: "Our cycle indicator has shifted out of 'expansion' to 'downturn' for the 1st time since 2007.""This phase-change has historically meant a worse backdrop for returns and higher chances of recession or a bear market…" #economy— Heather Long (@byHeatherLong) June 2, 2019Dow Jones Industrial Average (DJIA) futures fell as much as 180 points on Monday, pointing to a weak open. A warning note to investors predicts the Fed will slash interest rates twice in 2019 if the tariffs reach 25 percent.The Dow is poised to extend losses on Monday as China issued a controversial white paper.
As said here by Ben Brown