The Fed has already raised rates by 450 basis points in the past year, with markets anticipating another 50 to 75 basis points later this year.
But Calvasina also cited low investor sentiment as another factor in her forecast potentially skewing to the upside. "If you look at the depths of individual investor sentiment at the end of last year, we were basically down around financial crisis lows for an extended period of time," she said."And historically, when you've been below 10% in favor of the bears over the bulls, it set you up for about a 15-16% return on the year."
Calvasina is not alone in holding a more optimistic outlook on what's to come. Fundstrat's Tom Lee published aIn an , he added that deflation in certain sectors shouldn't be overlooked, saying:"I think you might be printing 2% inflation starting in the summer."
The Fed is intent on inducing a recession.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: S&P 500 on track for 3rd losing sessionUS stocks fall as worries persist over the Fed keeping rates higher for longer
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market news today: S&P 500 suffers as bond yields spike upDow dives 697 points as bond yields jump on concerns the Fed will keep raising rates Go and improve 'quality of life.' I don't care how rich you are.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »