|
Feb 13
|
|
—
|
LONG
|
Max Kettner
Chief Multi-Asset Strategist, HSBC
|
Tax reimbursements are hitting US households in February and April. Data shows the "lower end of the K-shaped economy" is ramping up consumption. This liquidity injection specifically benefits mass-market retail, homebuilders, and transport sectors. Rotate into cyclical consumer sectors that benefit from lower-income spending power. Persistent inflation eroding the real value of tax refunds. |
Bloomberg Markets
Trump Team Plans Metals Tariff Rollback; NASA...
|