Morgan Stanley Fixed-Global Macro Strategist Did Sahm-one Say Recession-109894318(1)

MGlobalIdeaGlobalMacroStrategistDid'Sahm'-oneSayRecession?MorganStanley&Co.LLCMatthewHornbachStrategistMatthew.Hornbach@morganstanley.com+1212761-1837AndrewMWatrousStrategistAndrew.Watrous@morganstanley.com+1212761-5287MartinWTobias,CFAStrategistMartin.Tobias@morganstanley.com+1212761-6076FrancescoGrechiStrategistFrancesco.Grechi@morganstanley.com+1212761-1009ZoeKStraussStrategistZoe.Strauss@morganstanley.com+1212761-0407MorganStanley&Co.Internationalplc+JamesKLordStrategistJames.Lord@morganstanley.com+44207677-3254DavidS.Adams,CFAStrategistDavid.S.Adams@morganstanley.com+44207425-3518WantingLowStrategistWanting.Low@morganstanley.com+44207425-6841LorenzoTestaStrategistLorenzo.Testa@morganstanley.com+44207677-0337FabioBassanin,CFAStrategistFabio.Bassanin@morganstanley.com+44207425-1869DominicJKrummenacherStrategistDominic.Krummenacher@morganstanley.com+44207425-9781MorganStanleyMUFGSecuritiesCo.,Ltd.+KoichiSugisakiStrategistKoichi.Sugisaki@morganstanleymufg.com+8136836-8428HiromuUezatoResearchAssociateHiromu.Uezato@morganstanleymufg.com+8136836-8431MorganStanley&Co.LLCEliPCarterStrategistEli.Carter@morganstanley.com+1212761-4703USeconomicdataoverthepasttwoweekscalmednervesaboutapossiblerecession–initiallybroughtaboutbyatriggeringoftheSahmRuleandapartialunwindofyencarrytrades.Defensivepositioningoffendedinstea...