Recession Isn't Priced Into Markets, UBS's Lovell Says

The video discusses the current state of the stock market, focusing on whether a recession is priced in and the impact of Federal Reserve rate hikes. It predicts a market bottoming in the first half of 2023, with potential recovery by the end of the year if the Fed cuts rates. The discussion includes projections for market levels and the role of economic data and unemployment rates in shaping market trends.

What are the potential outcomes for the equity market if a recession occurs and the Federal Reserve cuts rates?

What indicators suggest that the Federal Reserve may need to cut rates in response to economic conditions?