Bear Market Needs Strong Monetary Response, Says State Street's Marvin Loh

The transcript discusses the current market conditions, focusing on the need for a strong monetary response and the lack of fiscal action. It highlights the expected moves by the Fed, the implications of the yield curve, and the potential for a recession. The conversation also touches on the oil market's impact and the necessity for fiscal stimulus to stabilize the economy.

What is the speaker's perspective on the likelihood of a recession?

What factors are contributing to the current market volatility according to the text?

What is needed to reassure markets according to the discussion?