ASX sell-off a 'real downturn' and risk of global recession 50/50, analyst warns
During those tough phases in the market, there is often a short-lived recovery, followed by an even bigger sell-off. It is often referred to as a "dead cat bounce" and likened to catching a falling knife.
"It's not unusual for people to feel that the worst has happened, and there's no more bad news in the market. They think, 'It's time to buy,' so we see a little bounce. Depending on what he says, it might cause investors to re-assess their bets on how high rates will climb . However, global investors will be more interested in what US Federal Reserve chairman Jerome Powell will say about interest rates this week.
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