From Nasdaq, Inc.:

1) The markets saw a significant decline following Fed Chair Powell’s indication that a March rate cut is unlikely, odds of a cut rose to 75% then fell to 36%. Additionally, fears of a market accident and concerns over the commercial real estate market surfaced, causing KRE to drop 6%.

2) Joe Biden appointed John Podesta as the US’s top climate diplomat, and hedge funds are ramping up copper bets due to supply shocks. These developments are reflective of the increasing focus on ESG and green transitions.

3) The global markets and economy are facing numerous challenges. From uncertainty surrounding rate cuts and central bank policies to challenges in the manufacturing sector and concerns about the oil and energy industry, global economic stability continues to be a central issue.



Read more: Equities Higher After a Hawkish Fed