This Year's Stock Market Turbulence Is Not Over

Authored by Simon Black, Bloomberg macro strategist,

Having endured an exceptionally rocky six months, stocks are unlikely to see much calm in the second half of this year either. Liquidity is set to be less friendly for the market, while perceived recession risk is likely to rise.

Housing could also prove to be a source of pessimism, with pockets of weakness emerging. Stocks might just get a reprieve if the Treasury manages to boost liquidity by tilting its issuance toward bills in the near future. Otherwise a challenging few months for the market lie ahead.