PremiumBears Capitulate: JPMorgan Drops Recession Call After Stocks Surge; Goldman Hikes GDP Forecast, Boosts S&P Target
Almost exactly one month ago, when the market was in freefall as hedge funds liquidated first and didn't even bother to ask questions later, but instead proceeded straight to unleash their inner TDS rage while vowing to stay away from the market (and miss the subsequent mega faceripping rally), and when economists - stunned at the speed of the market reaction - realized that their formerly cheerful forecasts were dead wrong in light of what the market's precipitous drop was telegraphing, scrambled to "predict" that the US was already in recession, the "US Exceptionalism" trade was dead, the dollar was no longer the world's reserve currency, dog and cats living together, and so on.
In short, Trump had unleashed the all the worst parts of the bible, and nothing could possibly change that in the esteemed opinions of the smarted guys in the room. Here is an example:
