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Markets pricing in recession 12 to 18 months out: Equity strategist

CNBC's "Power Lunch" team discusses the U.S. economy ahead of the Fed rate cut decision Wednesday and how markets are trading with Mike LaBella, head of global equity strategy at QS Investors; David Spika, president of Guidestone Capital Management; and Tillman Fertitta, Houston Rockets owner and CEO of Landry's.
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