Summary:
- The article discusses the recent market volatility and investors' shift away from risky assets amid growing concerns about a potential recession.
- JPMorgan Chase has raised its estimate of the chances of a recession in the U.S. to 35%, up from 28% previously, citing factors like the Federal Reserve's aggressive interest rate hikes and the ongoing Russia-Ukraine conflict.
- The article highlights that investors are seeking safer havens, such as the U.S. dollar and government bonds, as they become more risk-averse in the current economic environment.