Oxford Economics says a US recession is likely, S&P 500 unlikely to climb above 2022 high

<p>Oxfor Economics on the US economy and benchmark index S&amp;P500, in brief:</p><ul><li>US recession still looks likely</li><li>the Fed's chances of creating a soft landing for the U.S. economy is fuelling bullish sentiment</li><li> see an economic slowdown starting later this year, this will stop the S&amp;P 500 from returning to its 2022 record high</li><li>US recession could see the S&amp;P 500 fall "back to test the 50% retracement of the rally since last October, which is currently just below 4,000"</li></ul><p>The index has shrugged off all the bearishness so far this year</p>

This article was written by Eamonn Sheridan at www.forexlive.com.