Everything looks increasingly like a recession. But if you assume a nice infrastructure Bill. an accompanying 50bps cut next year. EU paying up on defense for ending the Ukraine fiasco that will save energy bills and retain petrochemicals in the region and leads to an industrials turnaround. And if the Us is stepping up in buying the chinese bonds that is worrying Xi in return for tariffs you are back on track. Add some US jobs added in the chipset domain. A solution for Taiwan even. And there you go. 10 more boom years. Yeehaa. 200bps is a bit excessive at 2.9% inflation. So harris flop. Trump top.
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Markets making the same mistake as at the beginning of the year?🤔 Source: MarketDesk via Mike Zaccardi, CFA, CMT, MBA Daily Chartbook #markets #finance #money #economy