2024-05-13 09:15:00 ET
Summary
- We believe high nominal growth, peak rates and broadening earnings performance continue to underpin equity market performance.
- While slower growth and higher inflation can be seen as having some stagflation characteristics, we remain convinced that inflation and rates are trending lower.
- We would not want to see U.S. real GDP growth weaken much further than it appears to have done in the first quarter.
By Joseph V. Amato
We believe high nominal growth, peak rates and broadening earnings performance continue to underpin equity market performance. ...
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For further details see:
Do We Now Need To Worry About Stagflation?