Piper Sandler: Stock rally likely to continue on rising recession risks
==========
Piper Sandler's strategists believe that the stock market will continue to rise despite rising recession risks. They suggest that if macroeconomic data weakens, it could lead to lower interest rates, making stocks more attractive. The strategists point out that big drops in the market usually occur due to rising interest rates, higher unemployment, or global tensions. Piper Sandler sees rising interest rates as the most immediate threat. However, they note that the market has shown resilience and a nuanced response to economic signals. Overall, they remain constructive and expect stocks to have another leg higher in the coming quarters.