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Zenger
Zenger
Business
Bhavik Nair

No ‘Textbook’ Recession Anytime Soon, Says Stifel Strategist As S&P 500 Will Level Out

Stifel Barry Bannister Recession Jeffrey Gundlach GDP DoubleLine Capital Vanity Fair
A man looks at his mobile phone to check stock market performance, graphs, data, prices and shocks in L'Aquila, Italy, on March 28, 2023. LORENZO DI COLA/BENZINGA 

Barry Bannister, the chief equity strategist at Stifel reportedly said there won’t be a textbook recession anytime soon and that he expects the S&P 500 to begin to level out around the 4,400 level in the third quarter.

CEO of DoubleLine Capital Jeffrey Gundlach and Contributing Editor at Vanity Fair Bethany McLean speak onstage during Vanity Fair New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 3, 2017, in Beverly Hills, California. MATT WINKELMEYER/BENZINGA
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