The 'Dean of Valuation' warns inflation and recession risks remain - and stocks may disappoint bulls in the second half

• Aswath Damodaran warned of sticky inflation, recession risks, and a muted second half for stocks.
• The "Dean of Valuation" said curbing price growth to 2% will be tough, and the economy may falter.
• Stocks appear fairly valued after their stellar first-half rally, limiting further upside, he said.

Conquering inflation won't be easy, a US recession could still strike, and stocks could disappoint bulls in the second half, Aswath Damodaran says.