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Interest rates: fund mangers on Wall Street go all-in on US recession bets

Hedge funds aren’t waiting around for the US economy to contract and have instead cut their holdings in cyclical stocks to the lowest level since at least 2012.

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Stock pickers on Wall Street are going all in on US recession bets

Active stock pickers are positioned for a 2009-style recession in the United States. Find out more.

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ASX LIVE: ASX to fall; energy, regional banks pace New York losses

Shares edge lower. Santos is ‘underperforming’: E&P. Amcor tumbles over 8pc. Ramsay Healthcare boosts revenue in results. JB Hi-Fi reports sales in third quarter update. Wall Street dropped on energy, regional bank worries. Fed statement on Thursday AEST.

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