The World Economic Forum recently held its annual meeting in Davos, Switzerland where leaders in finance and government convened to discuss policy, pandemic fragmentation and multipolarity. Benzinga attended the event and interviewed Jeff Schumacher, the founder and CEO at NAX, the New Asset Exchange.
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Market bets on whether the Federal Reserve's rate hikes would lead to a recession in 2022 became a primary focus for the equity markets and for those who traded them. Because of the Fed's fixation with economic growth, measures of correlation among individual securities had reached their highest level since the flash crash of 2020.
Goldman Sachs Group expects to show about 3,200 employees the door this week as the investment bank focuses on new strategies to navigate the current economic landscape.
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