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JPMorgan warns investors should brace for 1970s-style ‘stagflation’

U.S. stocks smashed a new record high last week, but the rally may not last for long thanks to heightened risks that the economy returns to a 1970s-style stagflation scenario, according to JPMorgan Chase strategists. In an analyst note to clients, the bank’s chief market strategist Marko Kolanovic …

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