Here’s how far the stock market and other assets have gone in pricing in a recession, according to Deutsche Bank - MarketWatch
1. Markets don’t see a recession as inevitable; tariffs may affect this. 2. ES00 rallied due to reduced trade tensions between Trump and China. 3. S&P 500 decline is below historical recession averages; room for downside exists. 4. Credit spreads show lower risk perception compared to past recession scenarios. 5. Steepening yield curve signals possible economic contraction; watch for hard data.