NY Banks Morgan Stanley and Citi join our Cautious US Equities view.
We say it first.
When I first made these forecasts on slowing US growth, continued supply chain disruption, tsunami of inflation and Delta, I said at the time it would take a couple of months for these forecasts to begin to be supported by data, and even longer for our competitors to come to the realisation that there is no Nirvana in sight just yet.
This is exactly what has unfolded.
My mantra has long been, 'look out the window' economics.