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US Economy and Tech Earnings Slowdown Fears Keep Markets Volatile

by Brunello Rosa, Nato Balavadze and Shane Gravel

30 August 2024

In this paper we discuss:

  1. The volatility experienced by markets in August;
  2. The causes of such volatility: recession fears in the US and wobbly tech sector earnings;
  3. The shift in monetary policy expectations determined by these two factors;
  4. The unwinding and re-instatement of yen carry trades; and
  5. What we expect to occur in coming months in terms of policy and markets.

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Download PDF: Macro, Tech and Market Volatility - August 2024

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