JPMorgan chief economist no longer expects a US recession

JPMorgan economists now no longer expect a US recession ‘this calendar year’.

This is one of those instances where it becomes abundantly clear that the consensus has moved from recession…to mild recession…to soft landing…to no landing. I still think there’s room for optimism in risk assets because so much money that was on the sidelines is looking for a dip to buy but we’re likely past the easy money phase.

Here’s the note: