logo |

News

    Home   >     Original    >     Main body

    The US Will Likely Sink into Economic Recession

    Abstract:Tesla's founder, Elon Musk, said on Twitter that from any perspective, the stock market had been surging over a fair level previously, so there will inevitably be some corrections.

      Tesla's founder, Elon Musk, said on Twitter that from any perspective, the stock market had been surging over a fair level previously, so there will inevitably be some corrections.

    周ri分析.png

      Data from the financial analysis institution S3 Partner shows that as of this week, Apple has overtaken Tesla as the most shorted company on US stock market, with open shorts totaling US$12.656 billion. Teslas open shorts reached US$12.209, followed by Microsoft, Netflix and Amazon. Chinese retail giant Alibaba ranked no. 7 among the most shorted companies.

      The public health emergency and oil price slump were only a beginning of US stock markets bearish turning point after staying upbeat for 11 years. Many have ignored the invert yield curve of major US Treasury Bonds which implied underlying weakness of the US economy

      According to predictive models, US has a 53% chance to sink into recession in the next 12 month, much higher than previous forecast of 24% and a record level since economy recovered from the recession in June, 2009.

    Latest News

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area