By CCN: Dow Jones futures tumbled in early trading Monday as Wall Street firms triggered multiple recession warnings. The Dow is poised to open in the red as traders initiating a triple-digit selloff overnight. Risk-off mode is firmly engaged. JP Morgan Chase and Co. said the likelihood of recession in 2019 is now at 40 percent, up from 25 percent last month. 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
The post Dow Futures Collapses as Wall Street Screams Recession Alarms appeared first on CCN
Read the original post: Dow Futures Collapses as Wall Street Screams Recession Alarms