'People give up on recession just as it arrives': Don't count out an economic downturn just yet

• Despite solid economic data, some Wall Street strategists are sticking with their gloomy outlook for the economy and stocks.
• A solid jobs market and a resilient consumer have increased the chances of a soft economic landing.
• But don't count out a decline just yet: "People give up on recession just as it arrives." 

The chances of a recession appear to be dwindling as consumers keep spending and the job market stays resilient — but don't count out a recession just yet.