HSBC says stock markets are pricing in a recession, not stagflation. Here's how it’s trading the rotation

HSBC says stock markets are pricing in a recession, not stagflation. Here's how it’s trading the rotation CNBC

Early report Major update Updated Mar 18, 2026, 10:08 AM UTC

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New report from Auto search: trading 1h ago.

First seen Mar 18, 2026, 10:08 AM UTC Latest source Mar 18, 2026, 10:08 AM UTC

Update 1 1h ago

Auto search: trading •published Mar 18, 2026, 10:08 AM UTC •fetched Mar 18, 2026, 10:19 AM UTC