Dow Pounces Higher But UBS Warns of Brutal Stock Market Reckoning
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The Dow and overall US stock market bounced back on Monday, as investors diverted their attention from risks associated with both the US-China trade war and what many fear could develop into an actual war between the US and Iran. Meanwhile, a UBS analyst warns that the global economy is “one step away” from a brutal recession that could ignite a stock market crash. Dow Creeps Toward 27,000 All of Wall Street’s major indices inched toward moderate gains during the morning session. Shortly after the opening bell, the Dow Jones Industrial Average had gained 56.81 points or 0.21%; the DJIA last
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