The risk of a US recession over a two- to three-year horizon has “increased materially,” according to JPMorgan strategists led by Bruce Kasman.
In a note titled “Is it safe?” published in late December, the strategists said that 2016 is likely to see “pockets of stress,” and that the US economic expansion is becoming “more vulnerable.”
The JPMorgan strategists are not the first to highlight the increasing risks of a recession.
Some of the biggest names on Wall Street, including Leon Cooperman, Jeff Gundlach, and Fed Chair Janet Yellen, have discussed the topic in the past couple of weeks.
