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Kevin Simpson: Russia-Ukraine war, oil prices increase chance of a recession

The chances of a recession are higher than Goldman Sachs’s 35% projection, according to Capital Wealth Planning’s Kevin Simpson, who said the Russia-Ukraine war and oil prices increase those odds.

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Watch: Kevin Simpson on CNBC Overtime

Kevin Simpson joins ‘Closing Bell: Overtime’ to discuss his view on markets and the impact of inflation on retail names, including Walmart.