Big banks, known as universal banks, have declined about 15% on average since mid-September, according to Keefe, Bruyette & Woods. That steep selloff reflects investors starting to price in a "shallow economic recession," KBW wrote in a report on Thursday. But investors are acknowledging the growing risks posed by the US-China trade war, the Fed's interest rate hikes and inflation. And other companies are reminding investors about the vast amount of debt piled up during the era of low interest rates. The Fed is calling for 2019 GDP growth of 2.5%, followed by 2% in 2020 and 1.8% in 2021.

Source: CNN October 25, 2018 16:52 UTC