Stocks and bonds are sending conflicting messages about whether there will be a recession, JPMorgan says
which refers to the economy avoids a downturn while inflation edges back down to the Federal Reserve's 2% target.
Various measures suggest the stock market is pricing in anywhere from a 3% likelihood to a 34% likelihood of an imminent recession, even as liquidity signals and profit margins continue to deteriorate. it would be difficult for the stock market to avoid at least a modest decline, according to the note.
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