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Oil, Banks, ECB, Consumers, and Ned Lamont (Podcast)

Bloomberg Intelligence

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How to Play a Recession Take

The average lag between a recession and when the Fed pauses since 1989, four-inch rate cycles has been one year. And so I think it's still time to be kind of defensive. Even retail sales this morning came in stronger than expected. But where would it be driven by? I mean, I would think it'd have to be consumer spending but we're not necessarily seeing that happen yet.

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