Stock markets could suffer if the United States economy sidesteps a recession that many believe is just around the corner, according to Investec equities strategist Roger Lee.
Lee said the market is bracing itself for a recession within the next year, a prediction he called the "most widely forecast recession in history."
Paradoxically therefore, the greatest risk to U.S. markets is if the recession risk recedes.
The implications of this could potentially lead to a downturn in both equities and bond markets, according to the strategist.
"Paradoxically therefore, the greatest risk to U.S. markets is if the recession risk recedes," Lee added.
Persons:
Roger Lee, Lee, Investec's Lee, —, treasuries, it's, Jeff Cox
Organizations:
HSBC, CNBC, Dow Jones, Treasury
Locations:
United States, U.S, London, America