The unexpected rate hike in Switzerland and the hangover from the Fed meeting fuel fears of an economic recession. The Nasdaq plunged 4% and the major European indices fell more than 3%.
The joy in the markets did not last long. The sales reappeared yesterday in the stock markets, pressured by the renewed fear of a recession, after a second reading of the Fed's decision on Wednesday, the increase in rates by the Bank of England, and the most