Financial markets are poised for a bumpy ride as they face a series of recent events that have led to a major selloff, analysts say.
On Thursday, the Federal Reserve held off on cutting rates and then a cooler-than-expected U.S. jobs report landed on Friday while Iran threatened to attack Israel. On top of all that, the looming presidential election is also causing market jitters.
"Markets are clearly nervous about the divergent paths central banks are taking, leading to lots of volatility," saidJamie Cox, managing partner forHarris Financial Group.
"Couple that with a potential escalation...
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