US Recession Odds Are Falling Fast, JPMorgan Trading Model Shows

(Bloomberg) — Markets appear to have moved on from the furious debate on what is the right definition of a recession.

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A US economic downturn looks increasingly less likely in the eyes of the stock market, according to a measure of recession probabilities created by JPMorgan Chase & Co. strategists.

In fact, with the exception of base metals, pricing of major markets suggest even odds, or less, of one happening after the US economy shrank for a second straight quarter….