US stocks’ recession fears spike to almost 80%

JPMorgan Chase & Co. says recession fears in stocks acutely tied to America’s economy have spiked to nearly 80 per cent while credit stress threatens to decline.

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The small-cap focused Russell 2000, which has been battered in the recent selloff, is now pricing in a 79 per cent chance of an economic downturn, according to JPMorgan’s dashboard of market-based recession indicators.