On today's episode of Market Domination, Hosts Josh Lipton and Madison Mills break down some of the biggest stories dominating the trading week, from Monday's global market sell-off to concerns of a recession.

US equities (^GSPC, ^DJI, ^IXIC) were on a roller coaster ride this week, with a large sell-off on Monday and a bit of a recovery on Thursday. Janney Montgomery Scott chief investment strategist Mark Luschini explains, "Collectively, I think we're ending kind of where we're beginning, which is to say, the economy continues to look like it's in pretty good shape. The Atlanta Fed GDP Now tracker is coming in at 2.9% for activity here, so far into the third quarter, which is a continuation of a reasonably good economic climate that should be fertile for stocks." He expects more volatility over the next couple of months, but notes that the current economic data remains "relatively healthy."

Bitcoin (BTC-USD) is recouping some of the losses it faced during the global market sell-off earlier in the week. MicroStrategy (MSTR) executive chairman Michael Saylor says, "Bitcoin is the only truly global capital market in the world, and so if you think about the volatility of it, the volatility is the price that you pay in order to create billions of dollars of credit and liquidity at your fingertips, all times, everywhere for everybody. And so on Sunday night, all the other capital markets are closed. Bitcoin is the only capital market that's functioning. What you saw over the past week is that it's functioning really, really well. And that is the secret to the success of the asset class."

Shares of Zillow (Z) are rising after the company posted its latest quarterly results, beating analyst estimates on both the top and bottom line while also naming a new CEO, Jeremy Wacksman, who previously served as the company's COO. Zillow Group CEO Jeremy Wacksman outlines one strategy that is beginning to pay off for the company: "We are investing pretty healthily in our housing super app strategy. We've been doing that for a few years now. You're starting to see the results of those investments pay off. That's what's driving the outperformance across the business. And that's what's driving what's really our mid-term target, which is to grow our share of transactions in the market."

Recent economic data and the market sell-off has sparked fears and questions about whether the US is in a recession or if a recession is in the near future. Wall Street Journal Chief Economics Commentator Greg Ip explains, "The stock market matters, in so far as it's got a pretty flawless track record of predicting recessions." He adds, "I think pretty much every recession was preceded by a big drop in the stock market. The problem, of course, is that not every big drop in the stock market was followed by a recession. It does have false alarms."

This post was written by Melanie Riehl