Market Optimists Make the Case That 2022 Will End on High Note
- For Dutta, it’s labor supply; Kolanovic cites China’s recovery
- Tinsley uses consumer spending, Markowska tracks foot traffic
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As corporate leaders increase their grim pronouncements about the future, there are still market economists who see stocks heading higher in the second half of this year and who say the US could sidestep a recession. Like all good statisticians, they have numbers to prove this.
Longtime bull Neil Dutta, head of economics at Renaissance Macro Research, for example, pointed to factors that are still returning to normal after the pandemic lockdowns, including labor participation rates and demand for durable goods, which drove prices higher. As life continues to settle down, he said, the Federal Reserve may find it easier to battle inflation.