With persistent inflation, war-induced energy price shocks and rising geopolitical tensions gripping the global economy over the past four years, some of Wall Street’s most respected names have repeatedly warned that the U.S. could go towards a repeat of the stagflation of the 1970s. Even JPMorgan Chase CEO Jamie Dimon has suggested on multiple occasions …
One of Wall Street’s top strategists sees stocks falling 10% due to a ‘moderate form of stagflation’
After a stellar 2023, the stock market has continued to cushion the impact of stubborn inflation and higher interest rates this year. The S&P 500 is up more than 12% year-to-date, to a record high, surpassing the roughly 10% average annual gain in the blue-chip index since 1957 in less than six months. A strong …