Most of the US economy is already in a recession, and GDP is only being propped up by tech, market vet says

Sean Gallup/Getty Images

• Most of the US economy is in a recession, Jim Paulsen said in a recent post.
• The veteran strategist explained that "new era" spending is propping up the wider economy.
• Paulsen compared the bifurcation to the Mag 7 vs. the rest of the stock market.

The US economy has proven more resilient than many feared, but one Wall Street veteran says that a recession is only being held back by tech.

Jim Paulsen, a markets strategist with...