JPMorgan Chase: Probability of U.S. Economic Recession Reaching Nearly 80%

BlockBeats News, April 9th, JPMorgan Chase stated that the probability of a stock market downturn closely tied to the U.S. economy has surged to nearly 80%. Meanwhile, despite potential funding pressure, credit product investors remain optimistic. According to JPMorgan Chase's market-based economic recession indicator dashboard, the Russell 2000 index, which was hit hard in the recent sell-off, currently reflects a 79% probability of an economic recession. Other asset classes are also issuing warnings: the S&P 500 index shows a 62% probability of an economic recession, base metals indicate a 68% probability, and the 5-year U.S. Treasury bond corresponds to a 54% probability. In contrast, the probability of an economic recession that investment-grade credit markets are digesting is only 25%, while this probability was zero back in November of last year. (FX678)