(CNBC) Like the third sequel to a summer horror movie, stocks are set up for another summer selloff amid fears that the U.S. economy will slide back into recession.
"In the last two summers, the final nail in the equities coffin, the thing that pushed it was a double dip scare. We do think the market is going to increase expectations of that in the coming week," said Barry Knapp, head of U.S. equity portfolio strategy at Barclays.
Stocks are already down about 10 percent from the year's highs, and analysts expect the choppy trading to continue, now that the May jobs report Friday confirmed the economy is slowing.
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