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September 01, 2020 1:32pm
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Is a Recession Being Priced In for U.S. Small Caps?

By Matt Wagner, CFA Associate, Research With the S&P 500 flirting with bear market territory, headlines are proclaiming a recession is priced in. But at what probability? High-yield credit spreads—commonly viewed as a leading indicator of economic slowdowns—have spiked higher by 112 basis...
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