The U.S. stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street’s course for the coming months.
count on to offset stock declines, have tumbled alongside equities, with the ICE BofA Treasury IndexSome 90% of respondents in a recent Deutsche Bank survey expected a U.S. recession by the end of 2023.
Of the 10 worst starts to the year for the S&P 500 since World War Two, the index has posted gains in the second six months of the year onlyOn the data front, reports on employment and inflation will give150 basis points of rate increases already delivered by the Fed. Analysts expect quarterly earnings to grow by 5.6% from a year ago, revised down slightly from early April’s estimate for 6.8% growth, according to Refinitiv IBES.
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