The US economy’s ‘depression-like’ collapse will set up stocks for a ‘wartime boom,’ according to a top Wall Street strategist
- The stock market may see a “wartime boom” next year following the US economy’s “depression-like collapse,” a prominent Wall Street strategist told CNBC on Wednesday.
- Economists predict that US GDP could rebound to one of its strongest levels ever in the first quarter next year.
- Having to operate in a depression-like environment, “knee-jerk” reactions forced companies to cut down on most costs and increase efficiencies, Paulsen told CNBC.
- “A lot of …