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The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist

The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist

The S&P 500 remains about 17% above year-end 2019 levels, which isn't low enough given the steps the Federal Reserve likely still needs to take to get inflation to 2%, says Steven Blitz, chief U.S. economist at TS Lombard.