The economy is stronger than people thought and there's no recession in 2023, says Invesco's Brian Levitt

• Wall Street's fears of recession have scaled back in recent weeks after a succession of robust economic data. 
• "This is an economy that's stronger than people thought," Invesco strategist Brian Levitt told CNBC Tuesday. 
• He also sees stocks as beginning a "FOMO" rally from now until the end of the year.

Recession fears on Wall Street have cooled recently, after a series of robust economic data releases.