Regulars know I don’t care for forecasting, but I do find a good probabilistic wargaming interesting. This one from Fidelity (the giant active mutual fund manager), looking at five possible economic/market scenarios, is especially good:
Five scenarios for stocks
1. Secular stagnation (more of the same)
3. Bond-proxy bubble
4. Deflation bust (recession)
5. Inflation boom (global recovery)
Go check out the full column at here.