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Wednesday, November 13, 2024

Odds of an economic recession are rising, but the stock market has already priced it in and found its bottom, JPMorgan says

The odds of an economic recession in the US are on the rise as recent PMI data shows a decline in business activity, jobless claims begin to rise, and the housing market slows amid high mortgage rates, JPMorgan’s Marko Kolanovic said in a Monday note. But investors shouldn’t fret because the S&P …

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