Futures Rebound As Hopes Of Imminent Recession Spark "Bad News Is Good News" Reversal
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Futures Rebound As Hopes Of Imminent Recession Spark "Bad News Is Good News" Reversal

In a world where bad news is good news, and where the looming recession means an end to rate hikes and a start to easing, it didn't take algos long to bid stocks up as treasury yields tumbled after comments by Jerome Powell and dismal PMI data in Europe justified fears that a global downturn is now just a matter of when, not if. After initially sliding more than 1% late on Wednesday, futures...

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