"According to analysts at HSBC, markets are pricing in a recession. They noted that the equity market is now pricing a 35% probability of recession, up from 10% just two weeks ago."
"Some of those 'dislocations' can be found in oversold markets such as Korea, South Africa, and Indonesia, where valuations look increasingly attractive, especially as these markets are not among the most exposed to higher oil prices."
Markets are significantly down, with the S&P 500, Dow, and Nasdaq all experiencing losses. Analysts at HSBC indicate that markets are pricing in a recession, with a 35% probability of recession noted. Despite this, they see buy opportunities in oversold markets such as Korea, South Africa, and Indonesia. The iShares MSCI South Africa ETF and iShares MSCI Indonesia ETF are highlighted as potential investments. Gold and Bitcoin have seen increases, while oil prices may stabilize if geopolitical tensions ease.
Read at 24/7 Wall St.
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