“Trying to call a peak in claims is like trying to call a peak in coronavirus or peak in the market: It’s a fool's game,” said strategist Belski.
Bloomberg Economics created a model last year to determine America’s recession odds. The odds of a recession now stand at 100%. What does that mean?
"It’s a time when previously cautious investors can reduce their overemphasis on defense and being to move toward a more neutral position," he says.
At least one asset class appears to have stayed out of harm’s way during the first quarter as investors continue to commit money to economic bedrock.