The stock rally is masking stagflation risk raised by the latest GDP report, JPMorgan says
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- JPMorgan says the recent stock rebound driven by robust earnings masks looming stagflationary risks.
- The soft landing narrative is challenged by the first-quarter GDP report.
- There's evidence that the worldwide disinflation trend has come to a halt, the bank said.
The recent rally in the stock market, bolstered by a wave of upbeat earnings, is glossing over a host of risks raised by the latest economic data points, JPMorgan said this week.
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