Wall Street traders are increasingly focused on the economic hazards ahead, as highlighted by a recent JPMorgan model showing a wide range of recession probabilities across various asset classes. Stocks have resumed selling after decoupling from bonds and commodities. The divergence in recession probabilities, as indicated by asset classes such as bonds and base metals, suggests that the stock market, including the SPX, may face significant challenges. The data, reported by Bloomberg, underscores the potential impact of a recession on people and families, emphasizing that such economic downturns should not be welcomed.