QVMM - Reflation Trade Is The New Bullish Narrative
2024-04-17 08:45:00 ET
Summary
- Economic reflation is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains, at least according to Goldman Sachs and Tony Pasquariello.
- Interest rates, gold, and commodity prices have increased in the past few months - the bullish narrative to support the rise has gained traction.
- While that reflation trade lasted for about two years, it quickly failed as economic growth returned to 2%-ish growth along with inflation and interest rates.
Economic "reflation" is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains, at least according to Goldman Sachs and Tony Pasquariello....
Reflation Trade Is The New Bullish Narrative