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The US economy should experience a “benign disinflation” over the next six months as pandemic-infused snarls unravel. That should mean good things for stocks, at least in the short term.
Chinese deflation is exacerbating US inflation, which could lead to further wage price spiraling and a US core inflation figure stuck above 3.5 to 4 per cent according to BCA Research.
With the US Federal Reserve signalling more rate rises to come, the odds of a global recession have risen to 40 per cent.
With so much negativity circling, one would assume that the market is likely heading lower or treading water at best. Wrong.
BCA Research paints a bleak picture of the US economy after conditions deteriorate.
Before last week’s positive COVID-19 test, there was little doubt President Trump was on the comeback trail. Amid signs of an economic recovery, positivity around hopes for a vaccine, and progress on another fiscal stimulus package, all was looking up for a second term. Then came the ‘Presidential Debate,’ in which Trump brought Democratic candidate…
