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Stock Strategist Who Nailed 2018 Says Recession Bell Is Ringing

  • Morgan Stanley’s Wilson says risk of slowdown has increased
  • JPMorgan sees profit gains in peril if trade war persists
Bloomberg business news
Market Dip 'Unquestionably' Driven by U.S.-China Trade Concerns, Says Former RNC Chair
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After a tumultuous week ended on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Then came Monday, when the biggest sell-off in four months more than doubled last week’s damage.

What changed? The reality of a potential impasse took hold. Maybe the U.S. and China won’t come to terms. Maybe the stock market won’t be able to right its ship. And maybe the consequences will be too much for the economy.