Wall Street's comeback attempt fizzles out. JPMorgan's Dimon sees recession ahead. Warner Bros. sinks on $9.1 billion write-down.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe$9.1 billion write-down
Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.These comments also offered some relief to Wall Street at the start of trading on Wednesday, as the unwinding of the yen carry trade has been a key factor in market volatility this week.
Okamura emphasized that the root cause of the recent unwinding and central bank actions is the anticipated exit of the Japanese economy from the "lost decades and the economy is about to normalize." Before Wall Street's rebound from Monday's steep sell-off reversed on Wednesday, Chris Verrone, head of technical and macro research at Strategas, observed that the market is still in a precarious position, lying in a "no-man's land" since last Thursday's lows.
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