Today, the COR™ Market Pulse predicts a bearish outlook for the stock market, anticipating a decline of approximately 0.3% in the S&P 500 and MSCI World Index. The forecast is influenced by recent developments such as the U.S. court’s decision to uphold the TikTok ban, intensifying the U.S.-China tech rivalry. Economic indicators show rising recession probabilities, currently hovering around 43%, which could further dampen market sentiment.
In financial headlines, the U.S. has announced new semiconductor export controls targeting China, reflecting escalating geopolitical tensions. This situation, along with domestic policy shifts in major economies, is contributing to investor caution. Meanwhile, economic activities in China highlight an oversupply issue in their automotive industry, adding to global market uncertainties.
Despite these challenges, the CORâ„¢ model maintains an impressive 89% prediction accuracy over the past 20 days, providing guidance amid market volatility. Investors are advised to adopt a cautious strategy as geopolitical events and policy changes continue to shape market dynamics.
Join the discussion!
Be the FIRST to comment on ‘STOCK MARKET Faces Bearish Future: TikTok Ban, Recession Fears, and US-China Tech Rivalries’