Feeling lucky? Markets may not be out of the woods
A stock plunge in October may be very rapid, followed by an equally rapid recovery
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
IF SEPTEMBER waited on fear – which did not arrive – then October is a good substitute, because markets are not yet out of the woods.
Many market participants continue to fear that the bear is here. Pessimists are skilled at selecting dreadful news from the daily media feeds. To be fair, market statistics are on their side. September and October hold the records for the months with frightening market collapses.
In the US, large corporate bankruptcies grew markedly in the first half of 2023. This recent data from Cornerstone Research showed the number of bankruptcy filings in the US is similar to levels reached in previous crises.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
