A ‘boring’ economy is setting stocks up for a winning year, Barclays top economist says
Top Wall Street economist Michael Gapen believes the market’s record rally has stamina.
The Barclays head of U.S. economics research cites a calm economic backdrop as a major driver.
“We’re kind of sitting at a trend-like outlook where growth is around 2% this year,” he told CNBC’s “Trading Nation” on Friday. “It’s a very benign outlook. In some ways, it’s boring. I kind of think a boring U.S.…
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