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Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!
Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.
S&P 500 and NASDAQ suffered a "Black Wednesday"! What's even more terrifying is that this round of correction in US stocks may be "far from over".
Senior economists from Interactive Brokers, a top brokerage in the USA, stated on Wednesday that the correction in the US stock market is far from over.
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