In March, when Silicon Valley Bank declared bankruptcy, Dhaval Joshi, BCA Research's chief strategist, predicted that an economic recession was more imminent than anticipated.
Despite initial appearances to the contrary, Joshi's forecast has continued to loom large in recent months.
The U.S. economy has remained strong with subdued inflation and unemployment maintaining lows last seen in the 1960s - with GDP growth for Q1 being revised upward - never...