Growing fears of a recession and uncertainty surrounding – Chart of the Week

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Growing fears of a recession and uncertainty surrounding the Trump Administration’s policies are weighing on US stock markets

• Worse than expected economic news and sudden changes in the US’ trade policy have driven a sell-off in US markets.
• The sell-off has affected a wide variety of sectors, but the technology stocks that drove recent growth were hit hardest
• European markets and exchange rates have benefitted from an improved economic outlook and an expected increase in defense spending