As fear rises on Wall Street, strategists warn the worst is yet to come
CNBC
Patti Domm
CNBCDecember 20, 2018
Stocks plunged on fears of a recession, and the Nasdaq tumbled into bear market territory, a 20 percent decline from its highs. The Cboe Volatility Index jumped above 30, its highest since the major market sell-off in February of this year. Strategists blame recession worries brought on by a tone-deaf Fed and continuing fears that trade wars and slowing global growth could sink the U.S. economy and chisel away at corporate profits.