World Bank Slashes Global Growth Forecast

Lowered guidance from retail giant Target, downgraded global growth forecasts from the World Bank, and ongoing hawkish talk out from the Fed, should all be enough to call the stock market bounce into question.

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We would chalk up Tuesday’s recovery in stocks as more rebound within a bearish consolidation than anything else. Lowered guidance from retail giant Target, downgraded global growth forecasts from the World Bank, and ongoing hawkish talk out from the Fed, should all be enough to call the stock market bounce into question.

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