LIVE MARKETS Is that a recession coming around the bend?

Major U.S. indexes tumble; small caps, banks, chips hit harder

All major S&P 500 sectors down: financials weakest group

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U.S. 10-Year Treasury yield rises to ~1.86% Jan 18 – Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com IS THAT A RECESSION COMING AROUND THE BEND? (1345 EST/1845 GMT)JP Morgan chief global strategist David Kelly is flagging the potential for a U.S. recession to hit in the next several years.He adds that although it is not their baseline view, investors would well advised to consider what it might mean for their portfolios.As Kelly sees it, a year of rising interest rates followed by a recession would represent a dual challenge to more speculative investments. Higher rates would obviously be a problem for long-duration bonds and high-P/E stocks as […]

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