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2024

Stock meltdown may not be over, brace for more shocks as US economy may head for a recession

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'Bloomberg' has apprehended that a healthy Tuesday rebound in equities in the US stock markets will not temper the broad unease growing across financial markets. It also said that the investors who buy and sell based on quantitative measures like volatility have offloaded $130 billion of stock bets in the past few weeks. It does not mean that the US economy will not slip into a recession.