Data released today (18 March), showed that expectations for higher global growth declined from -2% in February to -44% March, as BofA stated the respondents conviction on global growth is “historically correlated to S&P 500 price action”.
Over the past month, the S&P 500 has lost around 8.4% of its value, with the index now trading 1.1% lower than on Monday (17 March), data from MarketWatch showed.
The Big Question: Can Donald Trump’s stance on tariffs work alongside US stock market growth?
The rise in pessimism over global economic growth has been the consequence of a worsening o…
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