Societe Generale says its too early to call a US recession

Societe Generale says it too soon to call a US recession despite the concern in markets this week over a hard landing.

• “The largest moves of the last week happened in Japan and Technology, suggesting that Tech valuation and carry-trade reversals are a more convincing explanation for the volatility than the rising probability of a U.S. recession”
• Says if the US avoids a recession, and the Federal Reserve eases monetary policy easing it’ll benefit Hong Kong and Chinese mainland equities

This article was written by Eamonn Sheridan at www.forexlive.com.