Jamie Dimon, the top boss of the largest bank in the United States said the chances of the U.S. stock market crashing is far greater than many financiers believe.
After a sharp contraction on October 7, market breadth showed a notable rebound on October 8, with advancing stocks regaining control and key percentage levels rising again. However, underlying indicators suggest the market has yet to firmly re-establish positive momentum.
The most popular ETF of these retail investors tracks an index that hasn't had a negative total return over any rolling 20-year period since the start of the 20th century.
The minutes also showed that labor market weakness remained among the top concerns of the central bank, which noted that though the unemployment rate remained low, the pace of employment increases had slowed.
