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Some people ask me if the US is in recession next year, won't S&P fall below the bottom of October 3491? China Securities and Hong Kong stocks have been falling for 2 years; US stocks have only fallen for 1 year. The valuation of US stocks is still high, isn't it?
If the US economy shrinks next year, the S&P 500 index may be lowered by 25% in the future. The impending recession will be severe. “This is going to be a deep and long-lasting recession.” With the US inflation rate of 7.1% and the unemployment rate of 3.7%, the world's largest economy will almost certainly face a hard economic landing. So a convenient air force will continue $S&P 500 Index(.SPX.US$
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