JP Morgan: US incomes are set for another boost

JP Morgan: US incomes are set for another boost

8 maart 2021

Verenigde Staten
Amerika (01)

US economic activity looks well positioned for a strong rebound in the second half of the year, with pandemic-related restrictions set to ease. 

US incomes were protected by government support measures in 2020 and have again been handed a boost as a result of December’s stimulus bill, lifting savings. At the same time consumers have had to partly delay their desire to spend due to Covid restrictions over the winter. This combination could lead Americans to get out and spend their savings when the vaccines finally allow for an economic reopening. The forthcoming round of stimulus from the Biden administration should add further fuel to that recovery and could lead to a continuation of the rotation from last year’s winning stocks to the losers with the US consumer hungry to go out and spend after missing out on so much over the last year.

% of total 2019 personal income

JPMorgan_Insights_Weekly_Brief_EN

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