Wall Street confusion deepens as growth shock looms
MacroBusiness Access Subscriber Only Content at 11:30 am on July 13, 2021 | 1 comment At the head of the queue are those that see good news as entirely good news! JPM was last into in the reflation trade and it appears it will be last out as well: Cross-Asset Strategy: We maintain our pro-risk view given the ongoing recovery from the pandemic, accommodative monetary policy, and still moderate positioning in risky asset classes. We look for global GDP to surge in 2H as the laggards join in a more synchronized growth boom, as widespread vaccination allows for a sustained rise in mobility and ec...
Source: macrobusiness.com.au