Deutsche Bank Says There’s a 90% Chance of Recession. But the S&P 500 Can Get To 5,000: MW

It says that while there’s evidence inflation has peaked, it’s still well above central-bank targets and likely to be persistent, and neither the Federal Reserve nor the European Central Bank will tolerate it. Historically, once inflation spikes above 8%, it takes two years to fall beneath 6%, according to strategists Marion Laboure, Cassidy Ainsworth-Grace and Jim Reid. The fallout from Fed tightening is still to be felt.