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Podcast: Money Life with Chuck Jaffe
Episode: Leuthold's Wang: 'The biggest risk to the economy is the stock market itself'
Description: Chun Wang, senior analyst and portfolio manager at the Leuthold Group, says that the economy should perform well in 2026, with the mid-term election feeling more like a presidential election because fiscal and monetary policy should be aligned to prove something to voters, rather than the typical mid-term doldrums. Still, Wang believes that the wealth effect that has kept the economy out of a recession would be threatened by a market downturn, which means that a bear market would likely cause a recession. Wang says the near-term biggest macro risk is outside the U.S., most notably rising bond yields...