There was some positive sentiment around on Friday, with stringer than expected retail sales. But, NAB’s Tapas Strickland, this doesn’t mean the US isn’t heading for recession. Or is already in one.
Equity markets pushed higher in the US on Friday. NAB’s Tapas Strickland says strong corporate earnings have helped, and a belief that the Fed will not be moving much further on rate hikes – even though Fed speakers are keen to suggest otherwise.