JPMorgan: A key stock index shows the probability of a U.S. recession is close to 80%

Odaily Planet Daily News: JPMorgan Chase said that the probability of a recession digested by stocks closely related to the US economy has soared to nearly 80%. At the same time, although funding pressures may intensify, credit product investors remain optimistic. According to JPMorgan Chase's market-based recession indicator dashboard, the Russell 2000 index, which has been hit hard in the recent sell-off, currently reflects a 79% probability of a recession. Other asset classes are also issuing warnings: the S&P 500 index shows a 62% probability of a recession, base metals show a probability of 68%, and the 5-year US Treasury bond has a corresponding probability of 54%. In contrast, the probability of a recession digested by the investment-grade credit market is only 25%, while this probability was zero in November last year. (Jinshi)