Rubrics Morning Comment 17.06.22 – Rubrics – Asset Management

17th June 2022

JPMorgan Strategists Say Stocks Imply 85% Chance of US Recession

Concerns of policy error, subsequent reversal have grown: JPM

Strategists see stocks pricing 80% chance of Europe recession

https://blinks.bloomberg.com/news/stories/RDKJFDT0G1KW

Biden Says Recession Can Be Avoided as US Takes On Inflation

Americans ‘really down’ on state of nation, president tells AP

Yellen told him of ‘marginal’ inflation risk on Covid aid bill

https://blinks.bloomberg.com/news/stories/RDLGWET0AFLF

Consumers Are Running Out Of Steam and Market Isn’t Ready For It

Spending growth slowed in May, Barclays credit card data show

Corporate bonds, stocks will likely weaken more, bank says

https://blinks.bloomberg.com/news/stories/RDIWDZT0AFB4

Fed Runs Out of Patience as It Homes In on Short-Term Inflation

Powell flags rising expectations to justify 75 bps rate hike

Shift behind hawkish projections for higher rates through ’23

https://blinks.bloomberg.com/news/stories/RDKUUHT0G1KY

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