Longtime bull Neil Dutta, head of economics at Renaissance Macro Research, pointed to factors that are still returning to normal after the pandemic lockdowns, including labour participation rates and demand for durable goods, which drove prices higher.
NEW YORK: 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 United States could sidestep a recession.
Like all good statisticians, they have numbers to prove this.
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