A Summer Correction Would Hardly Be A Shock

By Jan-Patrick Barnert, Bloomberg Markets Live reporter and strategist

There are increasing hints that we are heading for a repeat of the summer corrections of 2023 and 2024.

One of those was steep and the other shallow, but in both cases it was November before stocks recovered from slumps of more than 10%. This time round, it’s taken several weeks for signs to accumulate that risk sentiment may need to take a breather soon.