![]() Kelly, who thinks the Federal Reserve will wrap up its historic hiking cycle after the March meeting and start cutting rates in the fourth quarter, says the pessimism may provide good opportunities to buy US value stocks and investment grade credit at discounted prices. The chances are risk assets are going to do very well.”Īn almost 20% slump in global stocks last year has most analysts and investors erring on the side of caution, with the majority predicting that historically high inflation is here to stay and a recession is inevitable. ![]() “It’s not - inflation is coming down, unemployment is low, we are moving past the pandemic. “If you talk to people, they say it’s the worst of all possible worlds,” Kelly said in an interview. Ed Yardeni, the longtime stock strategist and founder of his namesake research firm, is putting the odds of a soft landing at 60% based on strong economic data, resilient consumers and signs of tumbling price pressures. David Kelly, chief global strategist at JPMorgan Asset Management, is betting that inflation will continue to ease in 2023, helping the US economy to narrowly escape a recession. ![]()
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