Fears that the fast-spreading coronavirus will disrupt global supply chains and tip the economy into a recession are gripping investors on Wall Street. That is why Bank of America is warning of possible recession.

In a tumultuous week for equities, the 30-stock Dow swung 1,000 points or more twice within three days. The Dow lost nearly 1,000 points (more than 3%) on Thursday, and added even more sharp declines on Friday, dropping about 250 points. 

While uncertainty reigns, Bank of America created a list of possible recession triggers to monitor the state of the markets and the economy. 

Here’s the full list of potential recession triggers to watch, according to Bank of America. 

  • U.S. consumer strength waning 
  • Small business confidence collapses below 100
  • Jobless claims climb above 250,000
  • Lower U.S. mortgage activity
  • Likelihood of President Trump being reelected dipping 

Where does the economy stand?

The U.S. consumer is the “key to whether global recession [is] measured in months not weeks,” Bank of America chief investment strategist Michael Hartnett said in a note to clients on Thursday. 

Fears that the fast-spreading coronavirus will disrupt global supply chains and tip the economy into a recession are gripping investors on Wall Street.

In a tumultuous week for equities, the 30-stock Dow swung 1,000 points or more twice within three days. The Dow lost nearly 1,000 points (more than 3%) on Thursday, and added even more sharp declines on Friday, dropping about 250 points. 

While uncertainty reigns, Bank of America created a list of possible recession triggers to monitor the state of the markets and the economy. 

Here’s the full list of potential recession triggers to watch, according to Bank of America. 

  • U.S. consumer strength waning 
  • Small business confidence collapses below 100
  • Jobless claims climb above 250,000
  • Lower U.S. mortgage activity
  • Likelihood of President Trump being reelected dipping 

Where does the economy stand?

The U.S. consumer is the “key to whether global recession [is] measured in months not weeks,” Bank of America chief investment strategist Michael Hartnett said in a note to clients on Thursday.

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