UBS strategist sees stocks lower, inflation cooling, recession hitting

UBS strategist sees stocks lower, inflation cooling, recession hitting

- US stocks could rally in the short term but haven't bottomed yet, Bhanu Baweja said. - The top UBS strategist sees underlying inflation cooling, and the US economy suffering a recession. - Earnings pressure, higher bond yields, and a global downturn will likely weigh on stocks, he said. Stocks will slump, inflation will slow, and the US economy will suffer a recession, the chief strategist of UBS Investment Bank told CNBC on Wednesday. "I don't think the lows are …