‘We’re one gust of wind away from recession’: A JPMorgan global strategy chief shares why the economy is still at risk despite rising optimism — and 3 places he’s bullish on now

• While some strategists see mounting issues for the economy, others are getting hopeful.
• JPMorgan’s David Kelly said the likelihood of a downturn is declining, but risks remain.
• Here are three safe parts of the market for investors to target, according to Kelly.

Debates have raged over the last year regarding whether an economic downturn was improbable or inevitable, and what’s perhaps most surprising is that the disagreement hasn’t yet been resolved.