Mild recession to kick-start the bull trend for US equities – SocGen Equities UnitedStates Growth SP500 Banks
Economists at Société Générale see the upcoming mild recession as a catalyst to kick-start the bull trends for US equities.“Seven of the last eight Fed hiking cycles triggered an economic recession, and UShistorically do not bottom until a recession has started. Our base case remains unchanged, namely, we expect a US recession to begin in 1H24, and believe a mild recession would be a catalyst for a re-start of a secular bull market in US stocks.
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