Markets in March: Only fear and no greed
The Morning Brief
00:00
The Immaculate Disinflation or the Fairy Tale Ending of a Soft Landing?
I was always skeptical that we could engineer this immaculate dissipation. I think markets had gotten ahead in themselves. We're expecting this magical soft landing. Now that the data has come out stronger, both activity and prices markets abruptly reprice themselves. So I think we have to brace for the fact that activity is very resilient. That also means it's going to take more work from central banks to bring inflation down.
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