US securities firm says the main stock market risk … is an economic recovery
Yes, really: The main risk to equities in the coming quarter is that V-shape recovery expectations suddenly return with a vengeance, yield curves steepen and concerns rise that the Federal Reserve is too easy.
Makes sense in the context of this market, but still, SMH.
Comments comes from a Jeffries report, more:
- Equites can continue to rally on the re-opening dynamic while governments and central banks will remain wary of removing stimulus prematurely since they remain hyper focused on the deflationary impact of the lockdowns.
Jefferies Group is a US investment bank & financial services company.
Fed head Powell