US markets cratered again last night following rate hikes from the UK and Switzerland, taking year-to-date losses on the S&P to -23%, prompting more hand-wringing and worry. Tim Mulholland, President, TJM Limited in Chicago, discusses what's in store for the second half of the year following a torrid first half.

Image Credit: Shutterstock.com

Produced by: Michael Gong

Presented by: Khoo Hsu Chuang, Philip See, Wong Shou Ning

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Categories:  markets,  economy,  international

Tags:  interest rate hike,  monetary tightening,  central banks,  bear market,  recession,