14
Apr
Positive trend for US equities
Slower GDP growth in Q1. A soft landing is emerging. Decline in leading indicators. Employment is finally deteriorating. Consumption expected to fall. Inflation will slip below 5%. The Fed will pause. Weakening of the dollar. Opportunities in the capital markets. Positive outlook for equities.
Key points
- A solid year-end will give way to a soft landing
- Q1 2023 will still be positive
- Temporary decline in US momentum
- Decline in leading indicators
- Employment statistics are finally deteriorating
- The Fed should take a break
- Inflation will be below Fed funds in June
- Yield curves adjust downward
- Further decline in the dollar forecast
- Outlook for equities remains positive
