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    Warnings global financial CRASH may be IMMINENT as US stock market hits two year low

     US stock indexes ended the week with their worst performance since June 2016 after the Dow Jones industrial average futures declined more than 200 points, S&P 500 dropped by nine points and Nasdaq 100 futures saw 37.75 points fall.
    There are concerns the stock market’s performance could indicate the US is set for its first recession since 2008 and a knock-on effect could cause an economic downturn across the globe.
    Jason Draho, head of tactical asset allocation for the Americas at UBS, described the “growing pains” in the market to be at fault for the low performance.
    He said: “Markets are likely to remain choppy as they adapt to this new growth and interest rate environment.”
    In another warning, the global economy could be about to suffer a setback economist Allison Schrager explained Americans’ lack of money in savings could indicate overconfidence in the market.
    She said: “The economy may be booming now but there are plenty of reasons to be skeptical it will last.
    “Productivity numbers don’t justify the headline growth figures.
    “Many people think the stock market is overvalued and due for a correctio
    “It has been eight and a half years since the last recession and the natural oscillation of the business cycle suggest we may be due for another one soon.”
    Joachim Fels, from Pimco, has also previously warned a lack of fear in markets means investors should be worried about another stock market crash.
    Speaking in January he said: “The fact that the fear is gone is the main reason why we should be worried.
    “That means most investors are now pretty fully invested and that means they will want to get out if the markets start to correct – exacerbating the downdraft.”
    express.co.uk

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