Recession Stars ‘Already Aligned,’ JPMorgan Says
Don't lose the plot. And, unfortunately, this plot dead ends in recession.
That was one somewhat downbeat takeaway from a new cross-asset strategy piece from JPMorgan, whose Federico Manicardi and Thomas Salopek suggested that in the face of what I'll call deafening macro noise, it's best to trust the "late-cycle playbook."
To say it's been difficult to get a read on the US economy (or any major economy, for that matter) would be an understatement. Over the past three months alone, the US has
Not sure how much of a headwind it adds, but SCOTUS is likely scuttle student loan relief. Payments will begin again at the end of June. There will be zero fiscal help out of the House if things get rough this summer.
What if people, like a lot of people, just don’t resume paying student loans?