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prima:Stock market decline should be temporary

Economist Antonio Fernós Sagebién ruled out the possibility of the U.S. economy entering a recession

August 6, 2024 - 12:54 PM

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This content was published more than 4 months ago.
The S&P 500 was down nearly $163 or 3.06% in afternoon trading Monday, while the Dow Jones Global gauge was down by $1,037 or 2.63%, as of 3:00 p.m., and the Nasdaq Composite was down by about $639 or 3.34%, according to Market Watch. (JUSTIN LANE)

After the stock market decline this Monday, both economist Antonio Fernós Sagebién and Ignacio Canto, president and founder of X-Square Capital agreed that this is a market correction that should not last long before it returns to positive territory.

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