Market View: S&P 500 registering a new closing low for 2022, British Sterling’s reaction to UK’s tax cuts, Asset managers reassessing exposure to China

Your Way Home with Hongbin Jeong · Sep 28, 2022 · 11m

It’s been a rather painful week for markets so far, as investors mull the risks of a recession amid interest rate hikes by major central banks around the world last week. In the US, the broad-based S&P 500, for one, registered a new closing low for 2022, while the Dow slipped into a bear market earlier this week. Away from the US, the British Sterling hit a record low earlier this week, after the new UK government announced its so-called ‘mini-budget’ to spur the economy, risking further price increases, and higher interest rates. So where are markets in the US likely to go in the near term?…