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Strategy Report

These Labor Market Indicators Are Pointing To A Hard Landing

by Peter Berezin, Chief Strategist  

Investors have taken comfort in the fact that unemployment has remained low in the major economies. But underneath the surface, there are clear signs that labor demand is weakening. The clock keeps ticking towards our H2 2024 recession call. After being bullish on risk assets last year, we are slowly turning more defensive.

BCA Research | Global Investment Strategy

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