Market Moves
Dalio’s and Summers’ Dim View on Inflation, Markets, the Economy
The hedge fund honcho and the Harvard economist deride benign forecasts, like the Fed’s.
S&P 500 returns are mainly negative on day he announces decisions; not so for prior chairs.
Investors have been expecting further stimulus to keep juicing the markets, economist Lavorgna warns.
Investment chiefs also said they were bullish on China A shares and expect inflation to peak in the first half of 2022.
Rotation blues: Tech, small-caps, and utilities are off now, with homebuilders among those that could get dumped next.