Vincent Deluard, Director of Global Macro Strategy at StoneX joins Monetary Matters to discuss why he believes changes to policy makers toolkit and to the structure of the economy mean recessions are “cancelled.” He also discusses why he believes Trump’s MAGA economic policies will be bad for corporate profit margins and his bullish outlook on oil and energy stocks.
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Timestamps:
00:00 Intro
01:07 Recessions are Cancelled
08:23 The No Recession Feedback Loop
11:11 Impact of Tariffs
13:21 MAGA’s War on Corporate Profits
19:26 Corporate Tax Rates
21:56 Fiscal Balance of Payments Crisis
26:11 Outlook for Inflation, Growth, and Rates
36:07 Outlook for the Stock Market
40:51 US Multiples Compared to Rest of the World
45:18 Bullish View on Oil & Energy Sector
55:15 July Fed Predictions
