So say Marko Kolanovic at JPM.
In the last 3 years, narratives for the macro regime went from the ‘roaring 20s’ post-pandemic secular recovery, to imminent recession, to the current goldilocks and best of all worlds when it comes to growth, inflation and monetary easing.
Optimism now is quite high and some describe the current regime as ‘parabolic stock markets’ and ‘platinum-locks’ (an even more desirable version of goldilocks).
