A wake-up call from the U.S. heartland has spooked Wall Street by raising fears of a recession that will push equities into a correction. After Tuesday’s dire picture on manufacturing from the Institute for Supply Management (ISM), which rattled the market, investors await Thursday’s ISM services report and Friday’s employment report to confirm or quash recession worries. “I am more concerned at this point than I have been at any point in the entire year … The key ingredient is when the business recession impacts the consumer and we get a total recession,” said Phil Blancato, chief executive …read more
Source:: Yahoo Finance
