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JPMorgan’s Michele Warns on Recession as Brutal First Half Draws to End

  • Four-decade veteran says 2022 is most challenging of career
  • Big first-half loss in stocks and bonds as growth fears rise
Bob Michele
Bob MichelePhotographer: Kholood Eid/Bloomberg

Bob Michele kicked off his Wall Street career during the stagflation crisis of the early 1980s.

More than four decades later, JPMorgan Asset Management’s chief investment officer says the economic outlook today looks even worse -- with a US recession now looking more likely than a soft landing.