Resilient trades as U.S. economy faces looming recession

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Market volatility has been on the rise on the back of soaring inflation, geopolitical tensions and rising recession risks. But some Wall Street banks have a raft of stock picks to navigate this challenging backdrop.

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Market watchers have been mixed on if, and when, a recession is on the horizon, but hedge fund manager Dan Niles said it is clear that the U.S. economy is headed for one.

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