S&P 500 Valuation Questioned
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The stock market may not have fully priced in a recession: Chart of the Week

72% Informative
The S&P 500 has seen a larger drawdown than the 18.9% peak-to-trough drop in the index this year during each recession since 1973 .
Moody's Analytics chief economist Mark Zandi believes a recession is more likely than not, placing 60% odds on the economy rolling over in the next 12 months .
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